other material
confidence high
sentiment neutral
materiality 0.30
Ridgefield Acquisition Corp. executes reverse/forward splits; shareholders <10k shares cashed out at $0.02/share
RIDGEFIELD ACQUISITION CORP
- Effective Jan 15, 2026, 1-for-10,000 reverse split combined every 10,000 shares into 1 share.
- Immediately followed by 10,000-for-1 forward split, restoring share count for non-cashed-out holders.
- Stockholders with fewer than 10,000 pre-split shares received $0.02 cash per share; no fractional shares issued.
- Splits eliminate fractional holdings; proportionate ownership unchanged for remaining stockholders.