WF Holding Sets 1-for-25 Share Consolidation for Oct. 30

WF Holding Limited plans a 1-for-25 consolidation of its Nasdaq-listed ordinary shares on Friday, Oct. 30, a change expected to cut the share count to about 5.84 million. The consolidation will combine each 25 ordinary shares into one. Fractional entitlements will be rounded up to a whole share. The company expects its ordinary shares outstanding to fall from 145,957,934 to approximately 5,838,318. WF Holding’s 3,440,664 Class A ordinary shares will not be affected. Existing options, warrants and other rights to buy ordinary shares will receive proportional adjustments.

Source: TokenPost