TJGC Group Announces 1-for-3 Reverse Stock Split to Maintain Nasdaq Listing

summarizeSummary

TJGC Group's board approved a 1-for-3 reverse stock split, effective May 26, 2026, to address Nasdaq's minimum bid price requirement and avoid delisting.

check_boxKey Events

• Board Approves Reverse Stock Split

  The board of directors approved a 1-for-3 reverse stock split, consolidating every three issued ordinary shares into one new share.

• Nasdaq Listing Compliance

  This action is intended to increase the company's per-share price to meet Nasdaq's minimum bid price requirement, following a deficiency notice received on March 30, 2026.

• Share Count Reduction

  The total number of issued ordinary shares will decrease from 30,300,000 to 10,100,000 post-split.

• Effective Trading Date

  The company's ordinary shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market at market open on May 26, 2026.

auto_awesomeAnalysis

The company's board approved a 1-for-3 reverse stock split, a direct response to the Nasdaq bid price deficiency notice received on March 30, 2026. This action aims to increase the per-share price to meet minimum listing requirements and avoid delisting. While it does not change the company's overall market capitalization, reverse splits are generally viewed negatively by the market as a sign of distress and can lead to further price volatility.