Top KingWin shares surge 30.77% intraday after regaining compliance with Nasdaq minimum closing bid price rule.

Top KingWin Ltd (WAI) surged 30.77% intraday following the execution of its 1-for-25 reverse share split, announced in a GlobeNewswire release two months prior. The move, aimed at regaining compliance with Nasdaq’s minimum closing bid price requirement after a prior delisting notice, reduced the number of outstanding shares, effectively increasing the stock.