Wang & Lee Group Announces 250-to-1 Share Combination

WANG & LEE GROUP announced its board of directors approved a 250-to-1 share combination on July 28, 2025. The company's ordinary shares will begin trading on a post-combination basis on September 2, 2025, with each 250 pre-combination shares combining into one share. This will reduce the company's issued and outstanding ordinary shares from 174,679,566 to approximately 698,719. The shares will continue to trade on Nasdaq under the symbol "WLGS".

WANG & LEE GROUP (NASDAQ: WLGS) has taken a significant step to maintain its Nasdaq listing compliance by approving a 250-to-1 share combination. The company's board of directors, in a move aimed at bolstering its market price per share, approved this action on July 28, 2025. The share combination will reduce the number of outstanding shares from 174,679,566 to approximately 698,719, effective September 2, 2025. This reduction will see each 250 pre-combination shares combine into one share post-combination [1].

The share combination is designed to address Nasdaq's minimum bid price requirement of $1.00, which WLGS has been struggling to meet. The company has faced delisting threats due to its stock price falling below $1.00 per share for extended periods [2]. By reducing the number of shares, the company aims to increase the market price per share, thereby maintaining compliance with Nasdaq's listing requirements.

Shareholders holding shares not evenly divisible by 250 will receive additional fractional shares to ensure no fractional shares remain outstanding. This move is intended to streamline the shareholder base and simplify the company's capital structure.

The company will continue to trade under the symbol "WLGS" with a new CUSIP number G9T22C118. The share combination is expected to have a positive impact on the company's financial performance and market standing.

References:
[1] https://www.stocktitan.net/news/WLGS/
[2] https://www.stocktitan.net/news/WLGS/