Chanson International Holding announced on August 14, 2025, that its board of directors approved an 80-for-1 share consolidation, effective August 18, 2025. The primary objective of this corporate action is to enable the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing on Nasdaq.
Beginning with the opening of trading on August 18, 2025, the company's Class A ordinary shares will trade on a split-adjusted basis under the same symbol 'CHSN' but with a new CUSIP number. Each 80 ordinary shares outstanding will automatically combine into one issued and outstanding ordinary share.
As a result of the consolidation, the company's authorized share capital will be adjusted, and the total issued and outstanding Class A ordinary shares will change from 85,910,957 to approximately 1,073,887. This measure addresses the minimum bid price deficiency previously reported by Nasdaq.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.