$ATXG·8-K

ADDENTAX GROUP CORP. · Mar 26, 9:00 AM ET

Compare

ADDENTAX GROUP CORP. 8-K

Research Summary

AI-generated summary

Updated

Addentax Group Announces 1-for-15 Reverse Stock Split Effective Mar 30, 2026

What Happened

  • Addentax Group filed an 8-K reporting that its Board approved a 1-for-15 reverse stock split after stockholder approval at the Company’s 2025 Annual Meeting held Jan 30, 2026. The Board approved the split on Mar 19, 2026, the Certificate of Amendment was filed with Nevada on Mar 24, 2026, and the Amendment becomes effective at 12:01 a.m. Eastern Time on Mar 30, 2026.
  • As of the Effective Time, every fifteen (15) shares of common stock outstanding immediately prior to that time will be combined into one share. The par value remains $0.001 per share and the total number of authorized shares is unchanged. Trading on the Nasdaq Capital Market will continue under the symbol “ATXG” on a reverse-split-adjusted basis with a new CUSIP (00653L400).

Key Details

  • Reverse split ratio: 1-for-15.
  • Board approval date: Mar 19, 2026; Filing date with Nevada Secretary of State: Mar 24, 2026; Effective: Mar 30, 2026 at 12:01 a.m. ET.
  • Par value and total authorized shares: unchanged ($0.001 par value).
  • Fractional shares: no fractional shares will be issued; holders who would receive a fractional share will instead receive one whole share. Transfer Online, Inc. is acting as exchange agent. Book-entry or “street name” holders need take no action.

Why It Matters

  • The reverse split reduces the number of outstanding shares and increases the per-share price on a proportional basis; it does not materially change a stockholder’s percentage ownership except for minor rounding effects from the fractional-share treatment.
  • Operational impacts for investors: trading will reflect the adjusted share count and new CUSIP on Nasdaq beginning Mar 30, 2026; most investors holding shares through brokers or in book-entry form do not need to act. Check brokerage accounts after the Effective Time for updated share balances and the new CUSIP.

Loading document...