#United States #New York #NASDAQ #Reverse Stock Split #High-Trend International

High-Trend International Group's Reverse Stock Split

In a significant move aimed at bolstering its position in the market, High-Trend International Group, a recognized player in global ocean technology, has announced a reverse stock split that is set to take effect on August 7, 2025. The decision, approved by the company's board of directors, is a strategic effort to ensure compliance with Nasdaq's minimum bid price requirements.

Details of the Reverse Stock Split

The approved reverse stock split will occur at a ratio of 1-for-25. This means that for every 25 shares held, shareholders will receive one new share in return, thereby adjusting the par value of the shares from $0.0001 to $0.0025 post-split. With approximately 140 million ordinary shares currently in circulation, this action will reduce the total outstanding shares to around 5.6 million.

The Rationale Behind the Split

The primary motivation for this stock split is to achieve a minimum bid price of $1.00 per ordinary share, a requirement for maintaining the company's listing on The Nasdaq Capital Market. By adjusting the share count, High-Trend aims to enhance the perceived value of its shares, potentially attracting more investors and stabilizing its market presence.

What Shareholders Need to Know

From the effective date, shares will continue to trade under the ticker symbol 'HTCO,' but will be assigned a new CUSIP number, G1901X 116. Importantly, no fractional shares will be issued as part of the reverse stock split, ensuring all shareholders will experience a uniform impact. For shareholders who hold their shares in book-entry form or through brokers, there is no necessity for any action; the changes will be reflected directly in their accounts starting August 8.

Forward-Looking Statements

High-Trend International Group's announcement includes forward-looking statements, emphasizing that results may significantly differ due to various risks and uncertainties inherent in their operations. Investors are encouraged to refer to the company's filings with the Securities and Exchange Commission (SEC) for a detailed discussion on factors that may affect performance.

Conclusion

The reverse stock split marks a crucial step for High-Trend International Group as it seeks to align itself with market expectations and enhance shareholder value. With these changes, the company looks to stabilize its operations and continue its commitment to providing innovative ocean technology solutions. Investors and analysts alike will be watching closely to see how this strategic move pays off in the long run.