other material
confidence high
sentiment neutral
materiality 0.55
QDM International effects 1-for-34 reverse stock split; holder converts all Series C Preferred shares
QDM International Inc.
- Reverse split 1:34, reducing shares from ~291.6M to ~8.58M; effective Sept 19, 2025.
- Split approved by holders of 93.6% of voting power; stock symbol temporarily 'QDMID' for 20 trading days.
- On Sept 22, CEO Huihe Zheng converted 531,886 Series C Preferred shares into 58,507 common shares, eliminating all Series C Preferred.
- New CUSIP for common stock post-split is 74738H403.