Business
Tianci International, Inc. Announces Reverse Stock Split
Shares Expected to Begin Trading on Split-Adjusted Basis on March 20, 2026 HONG KONG, HK / ACCESS Newswire / March 17, 2026 / Tianci International, Inc.
About this update from Tianci International, Inc.
[{"type":"text","content":"Shares Expected to Begin Trading on Split-Adjusted Basis on March 20, 2026 HONG KONG, HK / ACCESS Newswire / March 17, 2026 / Tianci International, Inc. (Nasdaq:CIIT) (\"Company\" or \"Tianci\"), a global logistics service provider specializing in ocean freight forwarding, announced today that it will implement a 1-for-7 reverse stock split of its common stock (the \"Reverse Stock Split\"), effective at 12:01 a.m. Eastern time on March 20, 2026. The Company's common stock is expected to begin trading on a split-adjusted basis when the market opens on March 20, 2026, and will continue to trade on The Nasdaq Capital Market under the symbol \"CIIT.\" The new CUSIP number for the common stock will be 88631G304.The Reverse Stock Split is intended to increase the bid price of the common stock to enable the Company to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. The Company's stockholders authorized the reverse stock split at the Company's annual meeting of stockholders held on February 13, 2026, with the final ratio determined by the Company's Board of Directors.On March 6, 2026, the Company's Board of Directors has determined the reverse stock split at the final ratio of one-for-seven (1:7). As a result of the Reverse Stock Split, every 7 shares of the Company's pre-split common stock issued and outstanding will be automatically reclassified into one new share of the Company's common stock. This will reduce the number of shares outstanding from 25,331,803 shares of common stock to 3,618,829 shares of common stock. The number of authorized shares of the Company's common stock will remain unchanged. Stockholders who would otherwise be entitled to receive a fractional share will instead have their shares rounded up to the nearest whole number. Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's equity plans and grants thereunder, as applicable. The Reverse Stock Split will not affect the par value of the common stock.The combination of, and reduction in, the shares of common stock as a result of the Reverse Stock Split will occur automatically at the effective time of the Reverse Stock Split without any additional action on the part of the Company's stockholders. The Company's transfer agent, Securities Transfer Co...