Stocks
Nocera Announces 1-for-30 Reverse Stock Split
1-for-30 Reverse Split Advances Nocera Holdings' Diversified Technology Strategy Common Stock to Begin Trading on a Split-Adjusted Basis on July 7, 2026; Ticker Symbol Remains "NCRA" TAIPEI, TW / ACCESS Newswire / July 2, 2026 / Nocera, Inc. (NASDAQ:NCRA) ...
About this update from Nocera, Inc.
1-for-30 Reverse Split Advances Nocera Holdings' Diversified Technology Strategy Common Stock to Begin Trading on a Split-Adjusted Basis on July 7, 2026; Ticker Symbol Remains "NCRA" TAIPEI, TW / ACCESS Newswire / July 2, 2026 / Nocera, Inc. (NASDAQ:NCRA) ("Nocera" or the "Company") announced today that it will effect a reverse stock split of its issued and outstanding shares of common stock, par value $0.001 per share, at a ratio of 1-for-30 (the "Reverse Stock Split"). The Reverse Stock Split will become effective at 4:30 p.m. Eastern Time on July 6, 2026, and the Company's common stock will begin trading on a split-adjusted basis when the market opens on July 7, 2026. The Company's common stock will continue to trade on The Nasdaq Capital Market ("Nasdaq") under the symbol "NCRA." The new CUSIP number for the Company's common stock following the Reverse Stock Split will be 655186609. What this means for stockholders: Every 30 shares of common stock a stockholder holds will be combined into one share of common stock. A stockholder's proportionate ownership interest in the Company and relative voting rights will remain substantially unchanged as a result of the Reverse Stock Split, other than for immaterial adjustments resulting from the treatment of fractional shares described below. Stockholders who hold their shares in book-entry or brokerage ("street name") accounts are not required to take any action to receive their post-split shares. Immediately prior to the effectiveness of the Reverse Stock Split, the Company had 46,495,187 shares of common stock issued and outstanding, which will be reduced to approximately 1,549,956 shares following the Reverse Stock Split (subject to adjustment for cash-in-lieu payments for fractional shares, as described below). At an annual meeting of stockholders held on January 12, 2026, the Company's stockholders approved Proposal No. 4, authorizing an amendment to the Company's Articles of Incorporation to effect a reverse stock split at a ratio of not less than 1-for-5 and not greater than 1-for-100, with the exact ratio and timing to be determined by the Board of Directors (the "Board") in its discretion. The proposal was approved. On June 25, 2026, the Board selected the 1-for-30 ratio, which is within the stockholder-approved range. When the Reverse Stock Split becomes effective, every 30 shares of the Company's iss...