Ucommune Announces Extraordinary General Meeting
Ucommune International Ltd (Nasdaq: UK) called an extraordinary general meeting for November 9, 2026 (Oct. 8 record date) to vote on a conditional reverse share split. The split would be triggered only if the Nasdaq closing bid stays below US$1.00 for three consecutive trading days, with the board selecting the highest ratio from 10:1 down to 2:1 that preserves at least 500,000 publicly held shares.
Key figures
- Record date
- October 8, 2026 Eastern time
- Meeting date
- November 9, 2026 Beijing time
- Price trigger
- closing bid below US$1.00 for three consecutive trading days
- Reverse split ratio
- up to 10:1 (ratios descending 10:1, 8:1, 6:1, 4:1, 3:1, 2:1)
- Minimum publicly held shares
- 500000
- Authorized shares post increase
- 1000000000
AI analysis
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