Inno Holdings Approves 1-for-24 Reverse Stock Split
Inno Holdings announced that its Board of Directors has approved a 1-for-24 reverse stock split of all its issued and outstanding common stock pursuant to the authorization grated from a special meeting of the Company's stockholders on August 11, 2025. On December 18, 2025, the Company will file an amendment to its certificate of formation with the Secretary of State of the State of Texas to effect the reverse split. The reverse stock split will become effective on December 22, 2025 at 12:01 a.m., Eastern Time.
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INNO Holdings Inc. Approves 1-for-24 Reverse Stock Split
- Reverse Stock Split Decision: INNO Holdings Inc.'s Board of Directors approved a 1-for-24 reverse stock split, reducing the outstanding shares from 97,948,480 to approximately 4,081,187 shares, aimed at complying with Nasdaq's continued listing requirements while strengthening its capital structure.
- Implementation Timeline: The reverse stock split will take effect on December 22, 2025, ensuring that the company's stock continues to trade on Nasdaq on a split-adjusted basis, thereby maintaining liquidity for investors.
- Shareholder Rights Protection: No fractional shares will be issued during the reverse split, with any fractional entitlements rounded up to the next whole share, ensuring that shareholder rights are preserved and boosting investor confidence.
- Strategic Implications: This action is part of the company's strategic plan to enhance enterprise value and shareholder value by optimizing its capital structure, reflecting a proactive approach to future growth prospects.
Inno Holdings Inc. Unveils 1-for-24 Reverse Stock Split to Support Nasdaq Compliance Strategy
Reverse Stock Split Announcement: INNO HOLDINGS INC. has approved a 1-for-24 reverse stock split of its common stock, set to take effect on December 22, 2025, to comply with Nasdaq listing requirements.
Impact on Shares: The reverse split will reduce the number of outstanding shares from approximately 97.9 million to about 4.1 million, with fractional shares being rounded up to the nearest whole number.
Trading Continuity: Post-split, the company's stock will continue to trade on Nasdaq under the symbol "INHD" and will begin trading on a split-adjusted basis.
Company Overview: INNO is a Texas-based electronic products trading company with operations primarily in Hong Kong, focused on enhancing commercial value for partners and shareholders.
