Inno Holdings Inc. (NASDAQ:INHD) fell over 30% in after-hours trading on Wednesday following the company’s announcement of a 1-for-20 reverse stock split aimed at maintaining compliance with Nasdaq listing requirements, particularly the minimum bid price rule.
Reverse Stock Split
Inno Holdings Inc announced on Wednesday that its Board of Directors approved a 1-for-20 reverse stock split of its issued and outstanding common stock.
At the effective time, every 20 shares will be combined into 1 share of common stock. The reverse split will take effect on May 4, 2026, at 09:30 a.m. Eastern Time.
The company said the reverse split will not impact its overall share structure, and authorized shares will remain at 1 billion.
The company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol “INHD” and will trade on a split-adjusted basis starting at market open on the effective date.
No fractional shares …
