other material
confidence high
sentiment neutral
materiality 0.70
Inno Holdings to effect 1-for-20 reverse stock split on May 4, 2026 for Nasdaq compliance
INNO HOLDINGS INC.
- Effective May 4, 2026, every 20 shares consolidated into 1 share; outstanding reduced from 50,413,224 to 2,520,662.
- Reverse split is a proactive measure to maintain compliance with Nasdaq minimum bid price requirement.
- No fractional shares issued; fractional entitlements rounded up. Authorized shares unchanged at 1 billion.
- New CUSIP number following reverse split is 4576JP406; ticker remains INHD.
- Stockholders approved the reverse split at the annual meeting on March 2, 2026.