WORK Medical Technology Group announces 1-for-100 reverse stock split

Published 3 weeks ago Positive
WORK Medical Technology Group announces 1-for-100 reverse stock split
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* WORK Medical Technology Group (NASDAQ:WOK [https://seekingalpha.com/symbol/WOK]) stated [https://seekingalpha.com/pr/20269694-work-medical-technology-group-ltd-announces-1-forminus-100-reverse-stock-split-effective] on Thursday a 1-for-100 reverse stock split of its ordinary shares effective October 21, 2025.
* The reverse split has been approved by the company’s shareholders, and the board aims to regain compliance with Nasdaq's minimum bid price requirement. It will not affect shareholders's percentage ownership.
* Once effective, every 100 Class A ordinary shares and every 100 Class B ordinary shares will automatically be converted into one share of the same class.
* The transaction will reduce the outstanding shares from approximately 96.00M to 960,000 Class A shares and from approximately 7.59M to approximately 76,000 Class B shares.

MORE ON WORK MEDICAL TECHNOLOGY GROUP

* WORK Medical Technology receives Nasdaq delisting notice [https://seekingalpha.com/news/4504059-work-medical-technology-receives-nasdaq-delisting-notice]
* WORK Medical Technology Group receives additional 180 days to regain Nasdaq compliance [https://seekingalpha.com/news/4503308-work-medical-technology-group-receives-additional-180-days-to-regain-nasdaq-compliance]
* Financial information for WORK Medical Technology Group [https://seekingalpha.com/symbol/WOK/income-statement]