Linkage Global Seeks 23:1 Reverse Split to Restore Nasdaq Compliance
UZX is trading near its 52-week low of $0.111 (6.6% above the low) on light trading volume (0.1× avg).
Summary
Linkage Global proposes a 23:1 reverse stock split to regain Nasdaq's $1.00 minimum bid price compliance, with a shareholder vote on September 8, 2026.
Key Events · Corporate Governance and Compliance · UZX
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23:1 Reverse Split Proposed
Every 23 Class A and Class B ordinary shares would consolidate into one share, effective September 18, 2026, if approved.
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Nasdaq Compliance at Stake
The split aims to lift the stock above Nasdaq's $1.00 minimum bid price. Current price is $0.1183, far below the threshold.
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Shareholder Vote September 8
Extraordinary general meeting scheduled for September 8, 2026, with record date August 12, 2026.
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Authorized Capital Reduced
Authorized Class A shares drop from 998M to 43.4M; Class B from 12M to 521,739.
Analysis · UZX · Trade & Services
To lift its share price above Nasdaq's $1.00 minimum bid requirement, Linkage Global is asking shareholders to approve a 23-for-1 reverse stock split. The stock currently trades at $0.1183, far below the threshold. If the split is approved at the September 8 meeting and effective September 18, the post-split price would theoretically be around $2.72, but reverse splits often fail to hold gains and can signal distress. The company has been burning cash and diluting shareholders heavily, and this move is a direct response to delisting risk.
At the time of this filing, UZX was trading at $0.12 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $7.1M. The 52-week trading range was $0.11 to $3.10. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.