Singapore, Singapore--(Newsfile Corp. - June 25, 2026) - Mobile-health Network Solutions (NASDAQ: MNDR) ("MNDR" or the "Company"), a leading AI-powered digital health platform, today announced a one-for-six reverse stock split (the "Reverse Stock Split") of the Company's Class A Ordinary Shares ("Class A Ordinary Shares") will become effective at 12:01 a.m. Eastern Time on Monday, June 29, 2026. The Class A Ordinary Shares 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 June 29, 2026, with the new CUSIP number G62264 133.
The Reverse Stock Split, which was approved by MNDR's shareholders at its Extraordinary General Meeting held on June 8, 2026, will reduce the number of Class A Ordinary Shares issued and outstanding from approximately 5,331,549 to approximately 888,592, subject to rounding up of fractional shares. The number of authorized Class A Ordinary Shares will be changed from 150,918,451 shares to 25,153,075 shares. The par value per Class A Ordinary Share will be changed from $0.00016 to $0.00096.
VStock Transfer, LLC ("VStock"), the transfer agent for the Class A Ordinary Shares, will provide notice to shareholders 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 Class A Ordinary Shares 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.
Additional information regarding the Reverse Stock Split is available in the Company's proxy statement filed as Exhibit 99.1 to the Company's Form 6-K, filed with the Securities and Exchange Commission on May 18, 2026, a copy of which is available at www.sec.gov and on the Company's website.
About Mobile-health Network Solutions
Mobile-health Network Solutions is a leading AI-powered digital health platform headquartered in Singapore, with operations across Southeast Asia and expanding into the US. The company provides telemedicine, AI-driven health tools, and virtual clinic infrastructure to empower patients and doctors worldwide. Its mission is to make healthcare accessible, intelligent, and human - through technology. For more information, please visit our website.