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Nasdaq Lists High-Trend International Group After 1-for-25 Reverse Stock Split
ByAinvest
Monday, Aug 4, 2025 4:38 pm ET1min read
High-Trend International Group will undergo a 1-for-25 reverse stock split to meet Nasdaq's $1 per share minimum requirement. The reverse split will reduce outstanding shares from approximately 140 million to 5.6 million and take effect on August 8, 2025. Shareholders with book-entry or nominee accounts will see the impact in their accounts on or after August 8, 2025. The move aims to maintain the company's listing on The Nasdaq Capital Market.
High-Trend International Group (HTCO), a global ocean technology company, has announced a 1-for-25 reverse stock split. The move is aimed at meeting Nasdaq's $1 per share minimum requirement to maintain the company's listing on The Nasdaq Capital Market. The reverse split will reduce outstanding shares from approximately 140 million to 5.6 million and will be effective on August 8, 2025, with trading beginning on a split-adjusted basis the same day [1].The reverse stock split will take place at 4:01 PM ET on Thursday, August 7, 2025, and will not affect any shareholder's percentage ownership interest in the company. Shareholders with Ordinary Shares held in book-entry form or through a bank, broker, or other nominee are not required to take any action and will see the impact reflected in their accounts on or after August 8, 2025 [1].
This strategic move is part of High-Trend International Group's efforts to meet Nasdaq's listing requirements and avoid potential delisting. The company's shares will continue to trade under the symbol "HTCO" but will have a new CUSIP number: G1901X 116 [1].
Forward-looking statements in the company's recent report on Form 6-K indicate that the reverse stock split is expected to have a positive impact on the company's financial health and market position. However, investors should be aware that such statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied by the forward-looking statements [1].
References:
[1] https://www.prnewswire.com/news-releases/high-trend-international-group-announces-the-reverse-split-record-date-302520891.html
[2] https://www.nasdaq.com/articles/vivid-seats-announces-1-20-reverse-stock-split
[3] https://meyka.com/blog/opendoor-meets-nasdaq-minimum-bid-price-requirement-cancels-special-stockholder-meeting/
[4] https://www.stocktitan.net/news/HTCO/high-trend-international-group-announces-the-reverse-split-record-kbcdmibxjj15.html
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