Business
Garden Stage Limited Announces 200 for 1 Share Consolidation of Class A Shares
Hong Kong, March 04, 2026 (GLOBE NEWSWIRE) -- Garden Stage Limited (the “Company” or “Garden Stage”), a Hong Kong-based financial services provider
About this update from Garden Stage Limited
[{"type":"text","content":"Hong Kong, March 04, 2026 (GLOBE NEWSWIRE) -- Garden Stage Limited (the “Company” or “Garden Stage”), a Hong Kong-based financial services provider principally engaged in the provision of (i) placing and underwriting services; (ii) securities dealing and brokerage services; and (iii) asset management services, today announced that the authorised, issued, and outstanding Class A shares with a par value of US$0.0001 each (the “Class A Shares”) of the Company will be consolidated on a 200 for 1 ratio with the marketplace effective date of March 6, 2026. 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 Nasdaq. Beginning with the opening of trading on March 6, 2026, the Company’s Class A Shares will trade on the Nasdaq Capital Market on an adjusted basis, under the same symbol “GSIW” but under a new CUSIP number, G3730L131. As a result of the share consolidation, each 200 Class A Shares outstanding will automatically consolidated and convert to one issued and outstanding Class A Share with a par value of US$0.02 each without any action on the part of the shareholders. Fractional shares following, and as a result of, the share consolidation, will be cancelled and returned to the pool of authorized but unissued shares in the capital of the Company. There will be no change to authorised, issued and outstanding Class B shares with a par value of US$0.0001 each (the “Class B Shares”) of the Company as a result of the share consolidation. Immediately prior to the share consolidation, 282,485,623 Class A Shares and 9,250,000 Class B Shares are issued and outstanding. As a result of the share consolidation, (i) the number of total issued and outstanding Class A Shares will be approximately 1,412,428, and (ii) the number of total issued and outstanding Class B Shares will be 9,250,000 Class B Shares. About Garden Stage Limited Garden Stage Limited is a holding company incorporated in Cayman Islands, and all of their operations are carried out by the two wholly-owned operating subsidiaries in Hong Kong: a) I Win Securities Limited, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the Securities and Futures Ordinance (the “SFO”) in Hong Kong; and b) I Win Asset Management Limited, which is licensed to c...