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E-Home Household Service Holdings Limited Announces Share Consolidation
FUZHOU, China, March 25, 2026 /PRNewswire/ -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the "Company" or "E-Home"), a provider of integrated
About this update from E-home Household Service Holdings Limited
[{"type":"text","content":"FUZHOU, China, March 25, 2026 /PRNewswire/ -- E-Home Household Service Holdings Limited (Nasdaq: EJH) (the \"Company\" or \"E-Home\"), a provider of integrated household services in China, today announced that as previously approved by the stockholders of the Company, it will implement a share consolidation of the issued and authorized ordinary shares of the Company at a ratio of not less than one (1)-for-twenty-five (25) (the \"Share Consolidation\"), effective at the opening of trading on March 30, 2026. \nThe current pre-split number of ordinary shares outstanding is 80,003,859 and the post-split number of ordinary shares outstanding will be approximately 3,200,155. The new CUSIP number for the Company's ordinary shares post-consolidation is G2952X161. The Share Consolidation is primarily being effectuated to comply with Nasdaq Rule 5550(a)(2) related to the minimum bid price per share of the Company's ordinary shares.After the Share Consolidation, the authorized share capital US$1,000,020,000 divided into (x) 20,000,000,000 shares designated as ordinary shares with a par value of US$0.05 per share and (y) 10,000,000 shares designated as preferred shares with a nominal or par value of US$0.002 per share will become the authorized share capital of US$1,000,020,000 divided into (x) 800,000,000 shares designated as ordinary shares with a par value of US$1.25 per share and (y) 10,000,000 shares designated as preferred shares with a nominal or par value of US$0.002 per share.The Company's shareholders will receive one (1) post-consolidation ordinary share for every twenty-five (25) pre-consolidation ordinary shares held by them. Immediately after the Share Consolidation, each shareholder's percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the treatment of fractional shares. No fractional shares will be issued and the fractional shares will be round up in connection with the Share Consolidation. The rights of the holders of ordinary shares will be substantially unaffected by the Share Consolidation. Shareholders who are holding their shares in electronic form at brokerage firms do not need to take any action, as the effect of the Share Consolidation will automatically be reflected in their brokerage accounts.About E-Home H...