HiTek Global Inc. (HKIT) Form 6-K — Jul 1, 2026
HiTek Global Inc. announced a 1-for-25 reverse stock split of its Class A ordinary shares, effective July 6, 2026, to maintain compliance with Nasdaq listing requirements. This consolidation will reduce the number of outstanding Class A shares from approximately 19.99 million to roughly 799,860. This marks the company's third reverse split in 2026, following a 1-for-50 split in April and a 1-for-3 split in May.
Key figures
- Par value pre
- $0.015
- Effective date
- July 6, 2026
- Par value post
- $0.375
- Class a shares pre
- 19996492
- Class a shares post
- 799860
- Reverse split ratio
- 1-for-25
- Previous split ratio 1
- 1-for-50
- Previous split ratio 2
- 1-for-3
- Authorized share capital
- US$316,000
- Class b shares outstanding
- 8192000
AI analysis
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