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Top KingWin Ltd ("Top KingWin" or the "Company") (NASDAQ:WAI) today announced that it will effect a reverse share split of its outstanding class A ordinary shares, par value $0.0025 per share (the "Ordinary Shares"), at a ratio of 1-for-25, to be effective at the open of business on Monday, September 8, 2025.
Our Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market ("Nasdaq") on Monday, September 8, 2025. Following the reverse share split, the Ordinary Shares will have a new par value of $0.0625 per share and will continue to trade on Nasdaq under the symbol "WAI" with the new CUSIP number, G8923U129. The reverse share split is intended for the Company to regain compliance with the minimum bid price requirement of $1.00 per Ordinary Share for continued listing on Nasdaq.
No fractional shares will be issued in connection with the reverse share split and all such fractional interests will be rounded up to the nearest whole number of Ordinary Shares. In addition, the reverse share split will apply to the Ordinary Shares issuable upon the exercise of the Company's outstanding derivative securities, with proportionate adjustments to be made to the exercise prices and number of derivates thereof and under the Company's equity incentive plans.
Posted In: WAI
