INHD News & Events

Inno Holdings Inc trading halted, news pending

Inno Holdings has approved an 1-for-20 reverse stock split of all its issued and outstanding common stock pursuant to the authorization grated from the annual meeting of the company's stockholders on March 2, 2026. The reverse stock split will not affect the par value of the company's common stock, which will remain no par value per share. In addition, the reverse stock split will not change the number of authorized shares of the company's common stock, which will remain 1B shares of common stock. The company's common stock will continue to trade on Nasdaq under the existing symbol "INHD" and will begin trading on a split-adjusted basis when the market opens on May 4. The new CUSIP number for the common stock following the reverse stock split will be 4576JP406. At the time of the split, every 20 shares of the company's issued and outstanding common stock will be automatically combined into 1 share of common stock. This will reduce the number of issued and outstanding shares of common stock from 50,413,224 shares to 2,520,662 shares.

INNO HOLDINGS launched its Artificial Intelligence Strategic Initiative designed to enhance operational efficiency in its electronic devices trading business. The Company plans to develop AI-powered data analytics tools through in-house research and development and outsourcing developers, targeting internal optimization and supply chain collaboration. INNO plans to strategically deploy specialized AI tools including but not limited to Mobile Phones AI Quality Inspection System, Mobile Phones AI Rating System, and Mobile Phones AI Pricing System. The Company envisions that these innovative solutions can be deeply integrated into the Company's workflows, providing real-time intelligent analytics for core functions such as procurement, sales, and product quality inspection, significantly accelerating decision-making and enhancing sales competitiveness. "AI has been transforming global electronics supply chains, with mobile phones driving trillion-dollar intelligent upgrades," said CEO Ding Wei. "Leveraging our Asian supply chain expertise and B2B insights, it is our hope to rapidly develop differentiated AI applications to support the Company's long-term growth in this digital era." Currently, the AI Strategic Initiative is only in the early planning stage and has not yet been implemented. The timing and impact of the initiative remain subject to further development and evaluation, and there can be no assurance as to the timing, scope or successful implementation of such AI-related applications.

Inno Holdings Inc trading halted, news pending