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Mobile-health Network Solutions (NASDAQ:MNDR) ("MNDR" or "the Company"), a leading AI-powered digital healthcare platform provider, today announced a one-for-five reverse stock split (the "Reverse Stock Split") of the Company's Class A Ordinary Shares ("common stock"), which will become effective at 12:01 a.m. Eastern Time on Thursday, September 25, 2025. The Company's common stock will continue to trade under its existing trading symbol, MNDR, on the Nasdaq Capital Market ("Nasdaq") on a split-adjusted basis when the market opens on September 25, 2025, with the new CUSIP number G62264 125.
The Reverse Stock Split, which was approved by MNDR's shareholders via online platforms and by mail on September 11, will reduce the number of shares of the Company's common stock issued and outstanding from approximately 4,684,779 to approximately 936,956, subject to adjustment due to the payment of cash in lieu of fractional shares. The number of authorized shares of common stock will be changed from 781,250,000 shares of common stock to 156,250,000 shares of common stock. The par value per share of common stock will be changed from $0.000032 to 0.00016.
Posted In: MNDR