TWG Announces 1-for-90 Share Consolidation
Top Wealth Group (NASDAQ: TWG) has announced a 1-for-90 share consolidation of its Class A and Class B ordinary shares, effective July 21, 2025. The consolidation aims to regain compliance with Nasdaq's minimum bid price requirement (Rule 5550(a)(2)) to maintain its listing status.
Under the consolidation terms, every 90 outstanding ordinary shares with a par value of US$0.0001 will be consolidated into one share with a par value of US$0.009. The company will continue trading under the symbol "TWG" but with a new CUSIP number G8945S110. Any fractional shares resulting from the consolidation will be rounded up to the next whole number.
Top Wealth Group (NASDAQ: TWG) ha annunciato una consolidazione azionaria di 1 azione ogni 90 delle sue azioni ordinarie di Classe A e Classe B, con effetto dal 21 luglio 2025. Questa operazione mira a ristabilire la conformit脿 con il requisito minimo di prezzo di offerta di Nasdaq (Regola 5550(a)(2)) per mantenere lo status di quotazione.
Secondo i termini della consolidazione, ogni 90 azioni ordinarie in circolazione con valore nominale di 0,0001 USD saranno consolidate in un'unica azione con valore nominale di 0,009 USD. La societ脿 continuer脿 a negoziare con il simbolo "TWG" ma con un nuovo numero CUSIP G8945S110. Eventuali frazioni di azioni derivanti dalla consolidazione saranno arrotondate per eccesso al numero intero successivo.
Top Wealth Group (NASDAQ: TWG) ha anunciado una consolidaci贸n de acciones de 1 por cada 90 de sus acciones ordinarias Clase A y Clase B, efectiva a partir del 21 de julio de 2025. La consolidaci贸n tiene como objetivo recuperar el cumplimiento con el requisito m铆nimo de precio de oferta de Nasdaq (Regla 5550(a)(2)) para mantener su estado de cotizaci贸n.
Bajo los t茅rminos de la consolidaci贸n, cada 90 acciones ordinarias en circulaci贸n con un valor nominal de 0,0001 USD se consolidar谩n en una acci贸n con un valor nominal de 0,009 USD. La compa帽铆a seguir谩 cotizando bajo el s铆mbolo "TWG" pero con un nuevo n煤mero CUSIP G8945S110. Las acciones fraccionarias resultantes de la consolidaci贸n se redondear谩n al n煤mero entero siguiente.
Top Wealth Group (NASDAQ: TWG)電� 2025雲� 7鞗� 21鞚茧秬搿� 韥措灅鞀� A 氚� 韥措灅鞀� B 氤错喌欤检棎 雽�頃� 90欤茧嫻 1欤� 欤检嫕 韱淀暕鞚� 氚滍憸頄堨姷雼堧嫟. 鞚措矆 韱淀暕鞚� 雮橃姢雼� 斓滌唽 鞛呾鞍臧� 鞖旉贝(攴滌箼 5550(a)(2))鞚� 於╈”頃橃棳 靸侅灔 鞛愱博鞚� 鞙犾頃橁赴 鞙勴暅 臁办箻鞛呺媹雼�.
韱淀暕 臁瓣贝鞐� 霐半澕 鞎‰┐臧� 0.0001雼煬鞚� 旮办〈 90欤缄皜 鞎‰┐臧� 0.009雼煬鞚� 1欤茧 韱淀暕霅╇媹雼�. 須岇偓電� "TWG"霛茧姅 鞁臣搿� 瓿勳啀 瓯半灅霅橃毵� 靸堧鞖� CUSIP 氩堩樃 G8945S110鞚� 攵�鞐惄雼堧嫟. 韱淀暕鞙茧 氚滌儩頃橂姅 靻岇垬 欤检嫕鞚� 雼れ潓 鞝曥垬搿� 鞓 觳橂Μ霅╇媹雼�.
Top Wealth Group (NASDAQ : TWG) a annonc茅 une consolidation d鈥檃ctions au ratio de 1 pour 90 de ses actions ordinaires de classe A et B, effective 脿 partir du 21 juillet 2025. Cette consolidation vise 脿 retrouver la conformit茅 avec l鈥檈xigence minimale de prix d鈥檕ffre du Nasdaq (R猫gle 5550(a)(2)) afin de maintenir son statut de cotation.
Selon les modalit茅s de la consolidation, chaque tranche de 90 actions ordinaires en circulation, d鈥檜ne valeur nominale de 0,0001 USD, sera regroup茅e en une action d鈥檜ne valeur nominale de 0,009 USD. La soci茅t茅 continuera de n茅gocier sous le symbole 芦 TWG 禄 mais avec un nouveau num茅ro CUSIP G8945S110. Les fractions d鈥檃ctions r茅sultant de la consolidation seront arrondies 脿 l鈥檜nit茅 sup茅rieure.
Top Wealth Group (NASDAQ: TWG) hat eine Aktienzusammenlegung im Verh盲ltnis 1 zu 90 seiner Stammaktien der Klassen A und B angek眉ndigt, die am 21. Juli 2025 wirksam wird. Ziel der Zusammenlegung ist es, die Einhaltung der Mindestgebotspreisregel von Nasdaq (Regel 5550(a)(2)) wiederherzustellen, um den B枚rsennotierungsstatus zu erhalten.
Nach den Bedingungen der Zusammenlegung werden jeweils 90 ausstehende Stammaktien mit einem Nennwert von 0,0001 USD zu einer Aktie mit einem Nennwert von 0,009 USD zusammengelegt. Das Unternehmen wird weiterhin unter dem Symbol 鈥濼WG鈥� gehandelt, jedoch mit einer neuen CUSIP-Nummer G8945S110. Etwaige Bruchst眉cke von Aktien, die durch die Zusammenlegung entstehen, werden auf die n盲chste ganze Zahl aufgerundet.
- Share consolidation helps maintain Nasdaq listing compliance
- Fractional shares will be rounded up, benefiting shareholders
- Unanimous approval from both board and shareholders
- Significant 1-for-90 consolidation ratio indicates severe price decline
- Risk of delisting if share price doesn't maintain compliance post-consolidation
Hong Kong, July 17, 2025 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited聽(NASDAQ: TWG) (鈥淭op Wealth鈥� or the 鈥淐ompany鈥�), announces the approval of the proposed 1-for-90 share consolidation of the Class A ordinary shares (鈥淐lass A Ordinary Shares鈥�) and Class B ordinary shares (鈥淐lass B Ordinary Shares鈥�, together with the Class A Ordinary Shares, the 鈥淥rdinary Shares鈥�) of US0.0001 par value each (the 鈥淪hare Consolidation鈥�).
Beginning with the opening of trading on July 21, 2025, being the market effective date, the Class A Ordinary Shares will being trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol 鈥淭WG鈥� but under a new CUSIP number of G8945S110. The objective of the Share Consolidation is to enable the Company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on the Nasdaq Capital Market.
Upon the effectiveness of the Share Consolidation, every 90 issued and outstanding Ordinary Shares of a par value of US
About聽Top Wealth Group Holding Limited
Top Wealth Group Holding Limited聽is a holding company incorporated in the聽Cayman Islands, and all of its operations are carried out by its operating subsidiary in聽Hong Kong,聽Top Wealth Group (International) Limited. The Company specializes in supplying premium-class sturgeon caviar, and its caviar and caviar products are endorsed with the聽Convention on International Trade聽in Endangered Species of Wild Fauna and Flora (鈥淐ITES鈥�) permits. The Company supplies caviar to its customers under its customer鈥檚 brand labels (i.e. private labeling), and the Company also sells the caviar product under the Company鈥檚 caviar brand, 鈥淚mperial Cristal Caviar鈥�, which has continuously achieved tremendous sales growth since its launch in the market.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the 鈥渟afe harbor鈥� provisions of the聽U.S.聽Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 鈥渨ill,鈥� 鈥渆xpects,鈥� 鈥渁nticipates,鈥� 鈥渇uture,鈥� 鈥渋ntends,鈥� 鈥減lans,鈥� 鈥渂elieves,鈥� 鈥渆stimates,鈥� 鈥渃onfident鈥� and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the聽U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in verbal statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about the Company鈥檚 beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in the Company鈥檚 filings with the聽Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and the Company undertakes no duty to update such information, except as required under applicable law.
For more information, please contact:
Top Wealth Group Holding Limited
Investor Relations
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FAQ
When will TWG's 1-for-90 share consolidation take effect?
What happens to TWG shareholders' fractional shares after the consolidation?
Why is TWG implementing a share consolidation?
Will TWG's stock symbol change after the consolidation?
How does the TWG share consolidation affect shareholders' ownership percentage?
