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Mobile-health Network Solutions Announces Reverse Stock Split
Singapore, Singapore--(Newsfile Corp. - September 23, 2025) - Mobile-health Network Solutions (NASDAQ: MNDR) ("MNDR" or "the Company"), a leading AI-powered digital healthcare platform provider, today announced a one-for-five reverse stock split (the "Reverse Stock Split") of the Company's Class A Ordinary Shares ("common stock"), which will become effective at 12:01 a.m. Eastern Time on Thursday, September 25, 2025. The Company's common stock will continue to trade under its existing trading...
About this update from Mobile-health Network Solutions
[{"type":"text","content":"Singapore, Singapore--(Newsfile Corp. - September 23, 2025) - Mobile-health Network Solutions (NASDAQ: MNDR) ("MNDR" or "the Company"), a leading AI-powered digital healthcare platform provider, today announced a one-for-five reverse stock split (the "Reverse Stock Split") of the Company's Class A Ordinary Shares ("common stock"), which will become effective at 12:01 a.m. Eastern Time on Thursday, September 25, 2025. The Company's common stock will continue to trade under its existing trading symbol, MNDR, on the Nasdaq Capital Market ("Nasdaq") on a split-adjusted basis when the market opens on September 25, 2025, with the new CUSIP number G62264 125.","length":718,"tagName":"p"},{"type":"text","content":"The Reverse Stock Split, which was approved by MNDR's shareholders via online platforms and by mail on September 11, will reduce the number of shares of the Company's common stock issued and outstanding from approximately 4,684,779 to approximately 936,956, subject to adjustment due to the payment of cash in lieu of fractional shares. The number of authorized shares of common stock will be changed from 781,250,000 shares of common stock to 156,250,000 shares of common stock. The par value per share of common stock will be changed from $0.000032 to 0.00016.","length":570,"tagName":"p"},{"type":"text","content":"VStock Transfer, LLC ("VStock"), which is acting as the transfer agent for the Reverse Stock Split, will provide notice to stockholders of record, issue post-split shares in paperless "book-entry" form, and hold the shares in an account set up for each respective shareholder without the need for shareholder action. Shareholders with certificated shares of the Company's common stock will receive a letter of transmittal from VStock with instructions on how to surrender certificates representing pre-split shares, which will become book-entry shares post-Reverse Stock Split. Shareholders owning shares in "street name" or via a broker, bank, trust, or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to the particular processes of such broker, bank, trust, or other nominee, and will not be required to take any action in connection with the Reverse Stock Split.","length":9...