India, May 19 -- Haoxi Health Technology Ltd (HAO) is moving forward with a major share restructuring as it implements a 1-for-128 reverse share split, a step aimed at boosting its per-share trading price and preserving compliance with Nasdaq listing requirements.
The company said the reverse split will apply to both its Class A and Class B ordinary shares, each with a par value of $0.0025 per share. Following the adjustment, the new par value for both classes will be $0.32 per share.
Haoxi Health noted that its Class A ordinary shares will begin trading on a split-adjusted basis at the opening of the Nasdaq Capital Market on May 21, 2026, and will continue under the ticker symbol HAO, with a new CUSIP number assigned.
The company expect...