Wellchange Announces 1-for-5 Reverse Split Effective Sept 8
WCT has more than doubled off its 52-week low of $0.38 on light trading volume (0.1× avg).
Summary
Wellchange Holdings announced a 1-for-5 reverse stock split effective September 8, 2026. This follows a prior 1-for-400 reverse split approved in July and a series of highly dilutive offerings at deep discounts. The new split will reduce the share count and mechanically raise the per-share price, but it does not change the company's market capitalization or fundamental value. The move appears aimed at regaining Nasdaq listing compliance, as the stock trades near $1.20. Investors should note the split does not address the underlying dilution and legal challenges disclosed in recent filings.
At the time of this announcement, WCT was trading at $1.20 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.7M. The 52-week trading range was $0.38 to $25.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.