Golden Heaven (GDHG, Financial) has announced that its board of directors approved a plan to consolidate the company's shares on a 25-to-1 basis. This move, set to take effect on May 9, aims to help the company comply with Nasdaq Marketplace Rule 5550(a)(2) and ensure its continued listing on the Nasdaq. From the start of trading on that date, GDHG’s Class A ordinary shares will trade on the Nasdaq Capital Market with a new CUSIP Number, G3959D208, reflecting the split-adjusted change.
Following this consolidation, every 25 existing ordinary shares will be combined into one new share, with no action required from shareholders. Importantly, no fractional shares will be issued; instead, shareholders will receive one whole share for any fractional shares that would arise from the consolidation.
