WAI News & Events

Top KingWin announced that it will effect a reverse share split of its outstanding class A ordinary shares, par value $0.0025 per share, at a ratio of 1-for-25, to be effective at the open of business on Monday, September 8, 2025. Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market on Monday, September 8, 2025. Following the reverse share split, the Ordinary Shares will have a new par value of $0.0625 per share and will continue to trade on Nasdaq under the symbol "WAI" with the new CUSIP number, G8923U129. The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per Ordinary Share for continued listing on Nasdaq.

Top KingWin announced that the Company received a letter from the Nasdaq Stock Market on August 18, 2025, notifying the Company that the Nasdaq staff has determined to delist the Company's class A ordinary shares from The Nasdaq Capital Market, because the bid price of the Company's listed securities has closed at less than $1 per share over the previous 30 consecutive business days, and therefore no longer complies with the Nasdaq Listing Rule 5550(a)(2). Normally, a company would be afforded a 180-calendar day period to demonstrate compliance with the Rule. However, pursuant to the Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Company is not eligible for any compliance period specified in Nasdaq Listing Rule 5810(c)(3)(A) due to the fact that the Company effected a reverse stock split in May 2025, or within the prior one-year period. The Company was provided until August 25, 2025 to request an appeal of the Delisting Determination to the hearing panel. The Company intends to request such hearing to appeal the Delisting Determination before that date, which will stay the suspension of its securities from the date of the request, during which time such securities will continue to be listed on The Nasdaq Capital Market.

Top KingWin announced that it received a formal notification from Nasdaq on that the company has regained compliance with Nasdaq Listing Rule 5550, which requires the company's class A ordinary shares, par value of $0.0025 each to maintain a minimum bid price of $1.00 per share. The Nasdaq staff made this determination of compliance after the closing bid price of the company's ordinary shares has been at $1.00 per share or greater for the last 10 consecutive business days from May 5 to May 16. Accordingly, the company has regained compliance with Nasdaq Listing Rule 5550 and this bid price deficiency matter is now closed.

Top KingWin announced that it will effect a reverse share split of its outstanding class A ordinary shares, par value $0.0001 per share, at a ratio of 1-for-25, to be effective at the open of business on Monday, May 5, 2025. Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market on or around Monday, May 5, 2025. Following the reverse share split, the Ordinary Shares will have a new par value of $0.0025 per share and will continue to trade on Nasdaq under the symbol "WAI" with the new CUSIP number, G8923U111. The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per Ordinary Share for continued listing on Nasdaq.