TryHard Holdings Seeks 1-for-10 Reverse Split to Restore Nasdaq Compliance

summarizeSummary

TryHard Holdings has called a July 21 shareholder meeting to vote on a 1-for-10 reverse stock split aimed at regaining Nasdaq's $1.00 minimum bid price. The stock currently trades at $0.297.

check_boxKey Events · Corporate Governance and Compliance · THH

• 1-for-10 Reverse Split Proposed

  Shareholders will vote on consolidating every 10 existing Ordinary and Series A Preferred shares into 1 share, reducing outstanding Ordinary Shares from ~50.0M to ~5.0M and Preferred from 2.0M to 200,000.

• Nasdaq Minimum Bid Compliance at Risk

  The reverse split is explicitly intended to lift the stock price above $1.00 to satisfy Nasdaq Listing Rule 5550(a)(2). At $0.297, the company is non-compliant and faces delisting without corrective action.

• Meeting Set for July 21, 2026

  The extraordinary general meeting will be held in Osaka, Japan, with a record date of July 9, 2026. The board unanimously recommends a vote FOR the consolidation.

• Post-Split Capital Structure

  Authorized share capital remains $500,000 but total authorized shares drop from 25 billion to 2.5 billion (2.25B Ordinary, 250M Preferred). Fractional shares will be settled by rounding up or selling fractions and distributing proceeds.

auto_awesomeAnalysis · THH · Trade & Services

To address a share price that has languished at $0.297—well below Nasdaq's $1.00 minimum bid requirement—TryHard Holdings is asking shareholders to approve a 1-for-10 reverse stock split at a July 21 meeting. Without the split, the company faces delisting. The proposal would shrink outstanding Ordinary Shares from roughly 50 million to about 5 million, mechanically lifting the share price tenfold, though the underlying business fundamentals and market cap remain unchanged. The board frames this as necessary to maintain the Nasdaq listing, broaden institutional appeal, and improve liquidity. For current holders, the economic stake stays the same aside from fractional share adjustments, but reverse splits often carry negative stigma and can lead to post-split selling pressure. The vote requires a simple majority, and the board recommends approval.