MKDWELL Tech Inc. Announces One-For-Twenty Reverse Share Split as Part of Nasdaq Compliance Initiative
Key Highlights
- ➤One-for-twenty reverse split takes effect November 18, 2026, at 9:00 a.m. ET
- ➤Ordinary shares fall from 36,354,390 to approximately 1,817,720
- ➤Nasdaq: MKDW trading continues under existing symbol on split-adjusted basis
- ➤Warrants receive proportional share and exercise-price adjustments at the Effective Time
- ➤Reverse split targets compliance with Nasdaq continued listing requirements
Hsinchu, Taiwan, Nov. 13, 2026 (GLOBE NEWSWIRE) -- MKDWELL Tech Inc. (the “Company”) (Nasdaq: MKDW), an automotive electronics manufacturer, today announced that its Board of Directors has approved a Reverse Share Split on its ordinary shares and class A preferred shares on a one-for-twenty basis (the “Reverse Share Split”). The Reverse Share Split will take effect at 9:00 a.m., Eastern Time, on November 18, 2026 (the “Effective Time”).
The ordinary shares will continue to trade on The Nasdaq Capital Market under the existing symbol “MKDW” and will begin trading on a split-adjusted basis when the market opens on November 18, 2026. The new CUSIP number for the ordinary share following the Reverse Share Split will be G6209W132.
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