Inno Holdings Enters Non-Binding MOU with Megabyte Solutions
Partnership Announcement: INNO HOLDINGS has entered a non-binding Memorandum of Understanding with Megabyte Solutions to form a strategic partnership focused on Web3 technology for a cross-border B2B marketplace platform.
Innovative Service Model: The collaboration aims to launch a decentralized, blockchain-powered service model that integrates hardware and software to address supply chain and trade needs for B2B businesses.
Web3 Service System: Megabyte Solutions will provide a secure and efficient Web3 service system, including blockchain-based logistics and supply chain management solutions for the developing marketplace platform.
Enhanced Transaction Features: This initiative is expected to improve the privacy, convenience, efficiency, and security of global transactions on the platform, optimizing the overall cross-border B2B marketplace experience.
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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.
