Wellchange Holdings Co Ltd (WCT) Form 6-K — Nov 2, 2026
Wellchange Holdings shareholders approved a 1-for-10 consolidation of Class A ordinary shares at an extraordinary general meeting held October 29, 2026, alongside a matching Class B class vote passed with 100% support. The reverse split raises the Class A par value proportionally from US$0.000025 to US$0.00025 and adjusts the Class B conversion rate to 50 Class B shares per Class A share, with shareholders also adopting a seventh amended and restated memorandum and articles of association to reflect the changes. Reverse splits at a 1-for-10 ratio are typically pursued to cure sub-$1.00 share price deficiencies and maintain exchange listing, and generally signal financial distress.
Key figures
- New conversion rate
- 50 Class B shares into 1 Class A share
- Reverse split ratio
- 1:10
- Class b vote percent
- 100%
- Egm attendance total shares percent
- 50.44%
- Egm attendance voting power percent
- 96.50%
- Class a shares outstanding record date
- 10581066
- Class b shares outstanding record date
- 1625043
AI analysis
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