Alset Approves 1-for-5 Reverse Split to Regain Nasdaq Compliance

summarizeSummary

Alset's majority stockholder approved a 1-for-5 reverse stock split to regain Nasdaq's $1.00 minimum bid price compliance. The board can implement it anytime before October 5, 2027.

check_boxKey Events · Corporate Governance and Compliance · AEI

• 1-for-5 Reverse Split Approved

  Majority stockholders holding 35,198,409 shares (90.5% of outstanding) approved a 1-for-5 reverse stock split by written consent on October 5, 2026.

• Nasdaq Compliance Driver

  The reverse split is intended to lift the stock above Nasdaq's $1.00 minimum bid price requirement; shares currently trade at $0.69.

• Post-Split Share Count

  Outstanding shares would drop from 38,895,830 to approximately 7,779,166, while authorized shares remain unchanged — materially increasing authorized-but-unissued shares available for future issuance.

• Board Discretion Until October 2027

  The board has sole authority to implement the reverse split at any time on or prior to October 5, 2027, and may choose not to effect it at all.

auto_awesomeAnalysis · AEI · Real Estate & Construction

Alset's majority stockholder, CEO Chan Heng Fai, approved a 1-for-5 reverse stock split on October 5, 2026, giving the board discretion to implement it anytime before October 5, 2027. The move is aimed at lifting the stock above Nasdaq's $1.00 minimum bid price requirement — shares currently trade at $0.69. The split would cut outstanding shares from roughly 38.9 million to about 7.8 million, but because authorized shares stay unchanged, the company would gain a large pool of authorized-but-unissued shares for future issuance. That creates potential dilution headroom even as the split itself is mechanically neutral for existing holders. The filing is the first public disclosure of this approval, and it arrives just one day after Alset's preliminary proxy showed Chan controls 90.5% of shares — meaning the reverse split was effectively a unilateral decision.