Shares Expected to Begin Trading on Split-Adjusted Basis on July 20, 2026
HONG KONG, HK / ACCESS Newswire / July 16, 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-10 reverse stock split of its common stock (the "Reverse Stock Split"), effective at 12:01 a.m. Eastern time on July 20, 2026. The Company's common stock is expected to begin trading on a split-adjusted basis when the market opens on July 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 88631G403.
The objective of the Reverse Stock Split is to enable the Company to maintain compliance with Nasdaq Listing Rule 5550(a)(2), which requires issuers listed on The Nasdaq Capital Market to evidence a minimum bid price of $1.00 per share. On April 10, 2026, the Company's Board and the Majority Stockholders authorized and approved the implementation of one or more Reverse Stock Splits during a period of up to two years of the date of the stockholders' resolution, at an aggregated ratio of up to 1-for-250, with the exact ratio and timing to be determined by the Board in its discretion.
On June 30, 2026, the Company's Board of Directors has determined the reverse stock split at the final ratio of one-for-ten (1:10). As a result of the Reverse Stock Split, every ten 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 9,673,907 shares of common stock to 967,391 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. In addition to the proportionate adjustments to the exercise prices and number of shares underlying the warrants issued by the Company on June 17, 2026, the exercise price of such warrants shall be reduced, but in no event increased, to the lowest VWAP (volume-weighted average price) during the period commencing five consecutive trading days immediately preceding and the five consecutive trading days immediately following July 20, 2026 (the "Event Market Price"), provided, that in calculating the Event Market Price, the VWAP for trading days prior to July 20, 2026 shall be the VWAP reported after proportionally adjusting for the Reverse Stock Split. The number of shares issuable under such warrants will be increased such that the aggregate exercise price, after taking into account the decrease in the exercise price, shall be equal to the aggregate exercise price on the issuance date for the warrant shares then outstanding. The Reverse Stock Split will not affect the par value of the common stock.