Meiwu Technology Company Limited (NASDAQ: WNW) announced a 1 for 20 reverse share split of its ordinary shares, approved by the Board of Directors on March 5, 2025. Shareholders will receive one new Ordinary Share for every twenty they hold, and trading is expected to start on a split-adjusted basis on April 1, 2025. This reverse split aims to increase the price per share approximately twentyfold. It will reduce outstanding shares from 63.3 million to 3.2 million, without changing the number of authorized shares.
Stock options and restricted shares will be adjusted proportionally, and any fractional shares will be rounded up. New share certificates will be issued as old ones are exchanged with the Company’s transfer agent, TranShare Corporation. Shareholders holding shares in book-entry form do not need to take any action, while those holding through brokers will be instructed by them.
Meiwu Technology, a British Virgin Islands company, shifted its business to the skincare industry from online sales of food products and short message service. They currently sell functional skincare products through their subsidiary, Chunshang Xiamen, in China. The Safe Harbor Statement reminds investors of risks and uncertainties, urging them to review the Company’s SEC filings.
For more information, shareholders and securities brokers are advised to contact TranShare at (303) 662-1112. Meiwu Technology reaffirms its commitment to transparency and updates shareholders on any developments. For further inquiries, reach out to Zhichao Yang at meiwuBS@usmeiwu.com.
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