CDT Environmental Technology Investment Holdings Limited Announces Share Consolidation

About this update from Cdt Environmental Technology Investment Holdings Limited

[{"type":"text","content":"SHENZHEN, China, May 28, 2026 (GLOBE NEWSWIRE) -- CDT Environmental Technology Investment Holdings Limited (NASDAQ: CDTG) (the “Company”), a leading provider of waste treatment systems and services throughout China, today announced that its Board of Directors (the “Board”) has approved the implementation of a 1-for-25 share consolidation (the “Share Consolidation”) of the Company’s Class A ordinary shares, par value $0.0025 per share, and Class B ordinary shares, par value $0.0025. The Share Consolidation is intended to increase the per-share trading price of the Company’s Class A ordinary shares and to assist the Company in maintaining compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. The Share Consolidation will become effective at 12:01 a.m., Eastern Time, on June 1, 2026 (the “Effective Time”). The Company’s Class A ordinary shares are expected to begin trading on a split-adjusted basis on the Nasdaq Stock Market at the commencement of trading on June 1, 2026, with a new CUSIP number of G2030P115. The ticker symbol for the Company’s stock will remain “CDTG.” At the Company’s Annual General Meeting held on November 26, 2025, the Company’s shareholders approved a proposal authorizing the Board to effect a consolidation of the Company’s issued and unissued Class A ordinary shares and Class B ordinary shares at a ratio of 1-for-25. Pursuant to such authorization, the Board approved a 1-for-25 Share Consolidation. Information for Shareholders The Share Consolidation will, as of the Effective Time, reduce the number of the issued and outstanding Class A ordinary shares from approximately 75,525,000 to approximately 3,021,000. The total authorized number of Class A ordinary shares and Class B ordinary shares will be correspondingly reduced from 94,000,000 to 3,760,000 and from 6,000,000 to 240,000, respectively. The par value of the Class A ordinary shares and Class B ordinary shares will change from $0.0025 per share to $0.0625 per share. No fractional shares will be issued in connection with the Share Consolidation, and fractional shares resulting from the Share Consolidation will be rounded up to the nearest whole share. No further action on the part of shareholders will be required to implement the Share Consolidation. The Company’s transfer agent, VStock Transfer, LLC (“VStoc...

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