CCSC Technology International Implements 1-for-10 Reverse Stock Split to Ensure Nasdaq Compliance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
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Source: seekingalpha
- Reverse Stock Split Plan: CCSC Technology International announced a 1-for-10 reverse stock split effective January 23, 2026, aimed at ensuring compliance with Nasdaq's minimum bid price requirements to maintain its listing status.
- Share Reduction: Following the reverse split, the company's Class A ordinary shares will decrease from 34.1 million to approximately 3.4 million, while Class B shares will drop from 5 million to about 500,000, significantly reducing the outstanding share count.
- Market Reaction: Following the announcement of the reverse split, CCSC's stock price fell by 3.22%, indicating market concerns regarding the company's financial health and future outlook.
- Financial Performance: CCSC Technology International reported a GAAP EPS of -$0.08 and revenue of $8.47 million, highlighting challenges in profitability and revenue growth.
Analyst Views on CCTG
About CCTG
CCSC Technology International Holdings Ltd is an investment holding company engaged in the sale, design and manufacturing of interconnect products. The Company’s interconnect products include connectors, cables and wire harnesses used for industrial, automotive, robotics, medical equipment, computer, network and telecommunication and consumer products. The Company is engaged in the production of both OEM and ODM interconnect products for manufacturing companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
