Wellchange Sets 1-for-5 Reverse Split Effective Sept 8, Replacing 1-for-400 Plan
WCT has more than doubled off its 52-week low of $0.38 on light trading volume (0.1× avg).
Summary
Wellchange approved a 1-for-5 reverse split of Class A shares effective September 8, replacing the previously approved 1-for-400 plan, reducing outstanding shares from ~52.9M to ~10.6M.
Key Events · Corporate Governance and Compliance · WCT
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1-for-5 Reverse Split Approved
Shareholders approved a 1-for-5 consolidation of Class A ordinary shares at the September 2, 2026 EGM, replacing the previously approved 1-for-400 reverse split plan.
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Share Count Reduction
Outstanding Class A shares will drop from approximately 52,905,328 to approximately 10,581,066, with fractional shares rounded up to the nearest whole share.
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Effective Trading Date Set
Class A shares begin trading on a post-split basis on Nasdaq under symbol WCT when the market opens September 8, 2026, with new CUSIP G9545M131.
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Warrant Adjustments Disclosed
44,275 warrants expiring October 1, 2029 with a $4.80 exercise price will be adjusted: share count divided by 5 and exercise price multiplied by 5 to $24.00.
Analysis · WCT · Technology
Wellchange finalized a 1-for-5 reverse split of its Class A shares, a dramatic reduction from the 1-for-400 ratio shareholders approved in July. The split takes effect September 8, cutting outstanding Class A shares from ~52.9M to ~10.6M. This is a survival move: the company's stock trades at $1.37 after a deeply dilutive $7.5M offering at $0.15 per share, and the reverse split is designed to lift the share price back above Nasdaq's $1 minimum bid requirement. The filing also discloses warrant adjustments — 44,275 warrants with a $4.80 strike will see their exercise price multiplied by 5 to $24.00 and share count divided by 5, preserving their economic value. The switch from 1-for-400 to 1-for-5 suggests management opted for a less extreme ratio, likely to avoid excessive post-split volatility while still achieving compliance.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WCT was trading at $1.37 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2M. The 52-week trading range was $0.38 to $25.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.