WLGS news

Here is some news about WLGS: 1. **Reverse Share Split**: Wang & Lee Group's board approved a reverse share split at a ratio of 250-to-1, which will consolidate every 250 ordinary shares into one share, reducing the number of issued and outstanding Class A shares significantly. This move is expected to streamline the company's share structure and update its trading system on Nasdaq. 2. **Insider Buying Activity**: On July 30, 2025, WLGS's stock surged by 16.98% in pre-market trading due to insider buying activity. A director purchased 1,060 shares, signaling confidence in the company's valuation and future prospects. 3. **Nasdaq Delisting Threats**: WLGS has received multiple delisting notifications from Nasdaq due to non-compliance with minimum bid price requirements and other issues. The company has filed an appeal and requested a hearing, but there are no guarantees of success in maintaining its Nasdaq listing. In summary, WLGS has recently undergone a reverse share split to streamline its share structure and update its trading system on Nasdaq. Additionally, insider buying activity has contributed to a surge in stock price, indicating confidence in the company's future prospects. However, WLGS faces threats of Nasdaq delisting due to non-compliance with minimum bid price requirements, adding uncertainty to its listing status.