PS International Group conducts 1-for-8 reverse stock split
PS International Group Ltd. (NASDAQ: PSIG) announced that its board of directors approved a reverse stock split at a ratio of one new share for every eight outstanding ordinary shares, effective October 6, 2025.
The reverse stock split received prior approval from shareholders holding approximately 78.01% of the company's voting power on June 17, 2025. The shareholders authorized the board to implement a consolidation ratio between 8-to-1 and 10-to-1 shares.
Trading of the company's ordinary shares on a split-adjusted basis on the Nasdaq Capital Market is expected to begin October 13, 2025. The par value per share will increase to $0.0008 from $0.0001, while the total number of authorized ordinary shares remains unchanged.
Following the reverse stock split, each shareholder's percentage ownership interest and proportional voting power will remain unchanged, except for adjustments from fractional shares, which will be rounded up to the nearest whole share.
The company's ordinary shares will continue trading under the symbol "PSIG" but will trade under a new CUSIP number G7308J 113 effective October 13, 2025.
The information is based on a company press release.
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