WF International Limited Implements Share Consolidation to Enhance Market Position
WF International Limited Implements Share Consolidation
On June 1, 2026, WF International Limited, listed on Nasdaq under the symbol WXM, made a crucial announcement regarding its share structure. The company, noted for its comprehensive electromechanical solutions which include HVAC systems, floor heating, and water purification services, disclosed that both its board of directors and shareholders supported a significant share consolidation at a ten-to-one ratio. This strategic move aims to enhance the market price of its shares, thereby ensuring the company maintains its listing on the Nasdaq Capital Market.
Details of the Consolidation
Effective June 4, 2026, the company’s ordinary shares will be adjusted such that every ten existing shares will merge into a single share. This action will alter the nominal value of each share from $0.000001 to $0.00001, resulting in a reduction of total issued and outstanding shares from 11,268,745 to approximately 1,126,875. Notably, the company's shares will continue to trade under the
Topics General Business）
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