Intelligent Living Implements 1-for-10 Share Consolidation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Shareholder Meeting Decision: On December 15, 2025, Intelligent Living held an extraordinary general meeting where shareholders approved a share consolidation to enhance stock price compliance with Nasdaq's minimum bid price rule.
- Consolidation Ratio Determined: The Board set the share consolidation ratio at 1-for-10 on December 22, 2025, reducing the number of ordinary shares from 20,769,483 to approximately 2,077,448, increasing the par value to $0.001.
- Preferred Shares Adjustment: Post-consolidation, Series A preferred shares will decrease from 2,000,000 to approximately 200,000, while Series B preferred shares will drop from 10,000,000 to about 1,000,000, ensuring minimal changes to shareholder rights.
- Trading Arrangement: The consolidated ordinary shares will begin trading on Nasdaq under the new symbol “ILAG” on December 30, 2025, with no action required from shareholders as changes will automatically reflect in their brokerage accounts.
ILAG
$0.3801+Infinity%1D
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About ILAG
Intelligent Living Application Group Inc is a holding company principally engaged in the production and sales of mechanical locks. The Company is principally engaged in the design, manufacture and sale of mechanical locks such as deadbolts, entry locks, privacy locks and passage locks. In addition, the Company is also engaged in the development, manufacture and sale of smart locks. The Company distributes its lock products in the domestic market and overseas markets including the United States and Canada.
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.
