Zhibao Technology announces 1‑for‑50 reverse stock split effective Oct. 12, 2026
Zhibao Technology Inc. (NASDAQ: ZBAO) received shareholder approval on September 29, 2026 for a 1‑for‑50 reverse split of its Class A ordinary shares. The split will become effective on October 12, 2026, consolidating every 50 shares into one and raising the par value from $0.0001 to $0.005. Fractional shares will be rounded up and equity awards will be adjusted proportionally. The announcement triggered a 60.24% surge in after‑hours trading.
Why it matters
The split reduces the share count and raises the per‑share price, which helped the stock jump 60.24% in after‑hours trading, expanding the market value of existing shareholders. The company’s market cap is now $26.85 million, reflecting the price move.
Key facts
- 1Shareholders approved the 1‑for‑50 reverse split at an extraordinary general meeting on September 29, 2026. investing.com
- 2The reverse split is scheduled to become effective on October 12, 2026. tradingview.com
- 3Each 50 Class A ordinary shares will be combined into one, increasing the par value from $0.0001 to $0.005 per share. investing.com
- 4The post‑split shares will trade under the same symbol "ZBAO" with a new CUSIP number G989MC114. investing.com
- 5Continental Stock Transfer & Trust Co. is the transfer agent for the reverse split. finanznachrichten.de
- 6ZBAO shares rose 60.24% in after‑hours trading to $0.094 following the announcement. tradingview.com
Summary written by AlphAI from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.