Top Wealth Group Approves 1-for-100 Share Consolidation After Nasdaq Notice
Photo: TokenPost
Top Wealth Group Holding Limited approved a 1-for-100 reverse share consolidation, combining each 100 Class A and Class B ordinary shares into one as it addresses Nasdaq’s $1 minimum bid requirement. The move would be the company’s second share consolidation since July 2025. Nasdaq’s October notice cited 30 business days when Top Wealth’s closing bid was below $1, from Aug. 20 through Oct. 1. A shareholder vote in August 2026 authorized the board to choose the ratio and effective date for one or more consolidations. The authorization sets a cumulative range of 5-for-1 to 250-for-1.
Source: TokenPost
