Ridgetech Announces 1-for-150 Reverse Share Split Effective April 7

Apr 03, 2026 17:13 UTC

RDGT

Short term

Ridgetech, Inc. (RDGT) has announced a 1-for-150 reverse share split of its ordinary shares, set to take effect on April 7, 2026. The move will reduce the number of outstanding shares from 134,835,960 to approximately 898,906.

Ridgetech will implement a 1-for-150 reverse share split effective April 7, 2026.
The split will reduce outstanding shares from 134,835,960 to approximately 898,906.
Every 150 shares will convert into one new share with a par value of $0.15.
RDGT's stock closed at $0.0246 on April 3, 2026, down 11.51 percent.
The reverse split aims to improve the stock's market profile and investor appeal.
Shareholders will see a proportional increase in ownership stake post-split.

Ridgetech, Inc. (RDGT) has announced a 1-for-150 reverse share split of its ordinary shares, effective April 7, 2026. The corporate action will consolidate the company's 134,835,960 outstanding shares into approximately 898,906 shares, subject to adjustments for fractional share rounding. The reverse split will automatically convert every 150 shares into one new share, with the par value increasing from $0.001 to $0.15 per share. This decision follows a 11.51 percent decline in RDGT's stock price on Thursday, closing at $0.0246 on the Nasdaq. The move is intended to address the company's share price, which has fallen below typical thresholds for market visibility and investor appeal. Shareholders will need to adjust their holdings accordingly, as the split will significantly reduce the number of shares they own but proportionally increase their ownership stake in the company.