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materiality 0.50
SharonAI Holdings announces 1-for-50 reverse stock split effective Dec 24, 2025
SharonAI Holdings Inc.
- 1-for-50 reverse stock split of Class A and Class B common stock; effective at 9:30am ET Dec 24, 2025.
- Authorized common stock reduced to 100,136,341 shares (100M Class A, 136,341 Class B).
- Pre-split shares outstanding ~598.4M; post-split ~12.0M (after rounding fractional shares up).
- FINRA adds 'D' to ticker SHAZ for 20 business days; CUSIP becomes 778920 306.
- Stockholder approval obtained via written consent dated Dec 14, 2025.