WORK Medical Announces 1-for-100 Reverse Stock Split Effective June 18, 2026
WORK Medical Technology Group (Nasdaq: WOK) said it will conduct a 1-for-100 reverse stock split of its Class A and Class B ordinary shares effective June 18, 2026. Class A shares are expected to trade on a post-split basis that day under symbol WOK with a new CUSIP. It had 241.65M Class A shares outstanding; about 2.42M are expected after the split.
How this was made
The 30-second read
Why it matters
The reverse split will reduce the number of shares outstanding by consolidating 100 shares into 1, with fractional shares rounded up, and will update the CUSIP while keeping the Nasdaq symbol WOK.
Market read
This is a time-specific corporate action that can drive mechanical price changes and short-term trading volatility around the June 18 open.
What to watch
Traders should watch for any concurrent disclosures (financing, delisting risk, or updated risk factors) not included here, since the release is limited to the split mechanics.
Background
WORK Medical Technology Group LTD (Nasdaq: WOK) is a China-focused medical device supplier; this release announces a reverse stock split of its Class A and Class B ordinary shares.
Ticker impact
WORK Medical announced a 1-for-100 reverse stock split effective June 18, 2026, with post-split trading at the open.
Near-term volatility possible around the June 18 open due to mechanical price adjustment and investor positioning.
The filing is a concrete corporate-action event with an explicit effective date and trading start time, but it does not provide new fundamentals (earnings, guidance, financing, or regulatory outcomes).
Market effects
Limited direct read-across to medical device peers; impact is primarily company-specific corporate-action mechanics.
Minimal; the company operates in China but the event is a Nasdaq-listed corporate action.
Low; no cross-border deal, regulatory ruling, or supply-chain disruption is disclosed.
Counterpoint
The reverse split may be purely compliance/structural (e.g., maintaining listing requirements) and not necessarily a signal of worsening operations.
Key entities
- companyWORK Medical Technology Group LTD
Nasdaq-listed medical device supplier announcing a 1-for-100 reverse stock split effective June 18, 2026.
- transfer_agentVStock Transfer, LLC
Named transfer agent for shareholder questions regarding the reverse stock split.
