Tianci International wraps up a 1:10 reverse split, resetting warrants to a $3.09 exercise price

summarizeSummary

Tianci International's 1:10 reverse stock split became effective on July 20, 2026, cutting the outstanding share count to 967,391. The warrant exercise price was reset to $3.0874, and the number of warrant shares surged to approximately 1.59 million, sharply raising the potential for dilution.

check_boxKey Events · Corporate Governance and Compliance · CIIT

• Reverse Stock Split Completed

  A 1:10 reverse split took effect on July 20, 2026, reducing the outstanding shares from 9,673,907 to 967,391 in an effort to maintain Nasdaq's $1 minimum bid price.

• Warrant Exercise Price Reset

  As of July 20, 2026, the exercise price of previously issued warrants was adjusted to $3.0874 per share, down from the post-split $8.10, based on the lowest VWAP during the adjustment period.

• Warrant Share Count Surges

  The price reset caused the number of shares issuable under the Common Warrants to jump from 605,500 to approximately 1,588,570, significantly increasing the potential dilution.

• Nasdaq Compliance Objective

  The reverse split is intended to lift the stock price above $1.00, meeting the Nasdaq Capital Market's listing requirements.

auto_awesomeAnalysis · CIIT · Technology

The reverse split shrinks the outstanding share count to 967,391, a move designed to keep the stock above Nasdaq's $1 minimum bid requirement. More pressing, however, is the immediate activation of the warrant anti-dilution mechanism: the exercise price has already fallen to $3.0874, and the number of warrant shares has ballooned to roughly 1.59 million, materially increasing the potential dilution. This development arrives just weeks after a deeply discounted $4.9 million offering, and the warrant reset only amplifies the overhang on the stock.