Hitek Announces 50-for-1 Share Consolidation [Yahoo! Finance]
Hitek Global Inc. - Class A Ordinary Share (HKIT)
Company Research
Source: Yahoo! Finance
provider, announced today that it will effect a 50-for-1 share consolidation of its Class A ordinary shares, effective April 6, 2026 (the "Share Consolidation"), in order to meet the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Beginning with the opening of trading on April 6, 2026, the Company's Class A ordinary shares will begin trading on the Nasdaq Capital Market on a split-adjusted basis under the same trading symbol, "HKIT," and a new CUSIP number, G45139113. On November 24, 2025, at the 2025 Annual General Meeting of Shareholders, the Company's shareholders authorized the board of directors of the Company (the "Board") to effect one or more share consolidations of the Company's Class A ordinary shares at an aggregate cumulative ratio ranging from 1-for-40 to 1-for-5,000 within two years following the date of the meeting, with the Board having discretion to determine the specific ratio or ratios and the timing of any such share consolidatio
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HKIT
News
- Rosen Law Firm Encourages Hitek Global Inc. Investors to Inquire About Securities Class Action Investigation - HKITPR Newswire
- HKIT Investor News: If You Have Suffered Losses in Hitek Global Inc. (NASDAQ: HKIT), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Rosen Law Firm Encourages Hitek Global Inc. Investors to Inquire About Securities Class Action Investigation - HKITPR Newswire
- HKIT Investor News: If You Have Suffered Losses in Hitek Global Inc. (NASDAQ: HKIT), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Hitek Announces 50-for-1 Share ConsolidationPR Newswire
HKIT
Sec Filings
- 4/1/26 - Form 6-K
- 4/1/26 - Form 6-K
- 3/30/26 - Form 424B5
- HKIT's page on the SEC website