Correction: TWG Announces 1-for-100 Share Consolidation
Key Highlights
- ➤1-for-100 share consolidation takes effect October 26, 2026
- ➤TWG retains Nasdaq symbol but receives new CUSIP G8945S128
- ➤Consolidation aims to restore compliance with Nasdaq Rule 5550(a)(2)
- ➤Ordinary share par value increases from US$0.009 to US$0.9
- ➤Fractional shares will be rounded up; ownership percentages remain unchanged
Lille, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (NASDAQ: TWG) (“Top Wealth” or the “Company”), announces the approval of the proposed 1-for-100 share consolidation of the Class A ordinary shares (“Class A Ordinary Shares”) and Class B ordinary shares (“Class B Ordinary Shares”, together with the Class A Ordinary Shares, the “Ordinary Shares”) of US0.009 par value each (the “Share Consolidation”).
Beginning with the opening of trading on October 26, 2026, being the market effective date, the Class A Ordinary Shares will begin trading on a post-Share Consolidation basis on the Nasdaq Capital Market under the same symbol “TWG” but under a new CUSIP number of G8945S128. 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.
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