W&L Group Announces Share Combination to Maintain Nasdaq Listing
ByAinvest
Thursday, Aug 21, 2025 10:49 am ET1min read
WLGS--
The share combination will reduce the total number of outstanding shares from 174,679,566 to approximately 698,719. This reduction will result in each 250 pre-combination ordinary shares being combined into one share, with the stock continuing to trade under the symbol "WLGS" with a new CUSIP number G9T22C118 [1].
Shareholders holding shares not evenly divisible by 250 will receive additional fractional shares to ensure no fractional shares remain outstanding. This measure is part of the company's strategy to enhance its financial position and market visibility [1].
The share combination is a proactive step to address the company's recent challenges, including multiple delisting notifications from Nasdaq due to failing to maintain the minimum bid price requirement of $1.00 [2]. The company has been granted a 180-day compliance period to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of ten consecutive business days [2].
While the share combination is a strategic move to bolster the company's market presence, it remains to be seen how investors and the market will react to this significant change. The company's ability to maintain its Nasdaq listing and attract investor confidence will be key to the success of this initiative.
References:
[1] https://www.stocktitan.net/news/WLGS/
[2] https://www.stocktitan.net/news/WLGS/
WANG & LEE GROUP, Inc. announced a share combination on July 28, 2025, where each 250 pre-combination ordinary shares will be combined into one share, reducing the total number of shares from 174,679,566 to approximately 698,719. The company's ordinary shares will trade on Nasdaq under the symbol "WLGS" with a new CUSIP number. The Share Combination aims to increase the market price per share to maintain the company's Nasdaq listing.
WANG & LEE GROUP, Inc. (WLGS) has announced a significant share combination effective September 2, 2025. The company's board approved a 250-to-1 share combination on July 28, 2025, aiming to increase the market price per share and maintain its Nasdaq listing compliance [1].The share combination will reduce the total number of outstanding shares from 174,679,566 to approximately 698,719. This reduction will result in each 250 pre-combination ordinary shares being combined into one share, with the stock continuing to trade under the symbol "WLGS" with a new CUSIP number G9T22C118 [1].
Shareholders holding shares not evenly divisible by 250 will receive additional fractional shares to ensure no fractional shares remain outstanding. This measure is part of the company's strategy to enhance its financial position and market visibility [1].
The share combination is a proactive step to address the company's recent challenges, including multiple delisting notifications from Nasdaq due to failing to maintain the minimum bid price requirement of $1.00 [2]. The company has been granted a 180-day compliance period to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of ten consecutive business days [2].
While the share combination is a strategic move to bolster the company's market presence, it remains to be seen how investors and the market will react to this significant change. The company's ability to maintain its Nasdaq listing and attract investor confidence will be key to the success of this initiative.
References:
[1] https://www.stocktitan.net/news/WLGS/
[2] https://www.stocktitan.net/news/WLGS/
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet