SHENGFENG DEVELOPMENT Ltd (SFWL) Form 6-K — Jul 29, 2026
Shengfeng Development Limited is seeking shareholder approval for a 15-for-1 consolidation of its authorized, issued, and outstanding ordinary shares. The proposed consolidation would increase the par value of the shares from $0.0001 to $0.0015 and is slated to take effect on or around September 4, 2026, pending acceptance by The Nasdaq Capital Market. The company stated that its Class A Ordinary Shares have traded below the $1.00 minimum bid price required by Nasdaq Listing Rule 5550(a)(2) for 24 consecutive business days as of July 28, 2026.
Key figures
- Par value new
- $0.0015
- Par value old
- $0.0001
- Minimum bid price
- $1.00
- Reverse split ratio
- 15-for-1
- Days below minimum bid
- 24
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