Axonex AI Group Limited Announces 2-for-5 Reverse Stock Split
Key Highlights
- ➤2-for-5 reverse split begins trading October 22 under ticker AXNX
- ➤Outstanding Class A shares fall from 15,190,742 to approximately 6,076,297
- ➤Reverse split targets Nasdaq’s $1.00 minimum bid-price requirement
- ➤Company warns continued Nasdaq listing compliance is not assured
Hong Kong, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Axonex AI Group Limited (“Axonex” or the “Company”, NASDAQ: AXNX), a Hong Kong-based company with a strategic focus on artificial intelligence (AI) and robotics, and an established business interior design and fit-out works provider, announces that it is implementing a reverse stock split of all of the Company’s issued and unissued shares, including the Class A ordinary shares with no par value (the “Class A Ordinary Shares”) and Class B ordinary shares with no par value (the “Class B Ordinary Shares,” together with the Class A Ordinary Shares, the “Ordinary Shares”), at an exchange ratio of two (2) shares for every five (5) shares (the “Reverse Stock Split”). The Reverse Stock Split was approved by the Company’s Board of Directors on October 2, 2026.
Upon the opening of the market on October 22, 2026, the Company’s Class A Ordinary Shares will begin trading on the Nasdaq Capital Market on a post-Reverse Stock Split basis under the current ticker symbol “AXNX”. The new CUSIP number for the Class A Ordinary Shares following the Reverse Stock Split will be G6146G125.
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