Overview of Linkage Global Inc's Share Consolidation
Linkage Global Inc, a prominent cross-border e-commerce service provider, recently announced an important development regarding its share structure. The Company's board of directors has approved a consolidation of shares at a ratio of 10 for 1, a necessary move aimed at maintaining its compliance with Nasdaq listing requirements.
Purpose Behind the Share Consolidation
The primary goal of this share consolidation is to fulfill the Nasdaq Marketplace Rule 5550(a)(2). Maintaining compliance is crucial for Linkage Global Inc as it ensures the Company can continue to trade on the Nasdaq Capital Market. The effective date for this consolidation is set for the market opening on April 7.
Details of the Share Consolidation
From the beginning of trading on April 7, shareholders can expect the Company’s Class A ordinary shares to be adjusted, retaining the same symbol “LGCB” while adopting a new CUSIP number. Notably, every ten ordinary shares held by investors will transform into one consolidated ordinary share automatically, without requiring any action on their part. Furthermore, Linkage Global Inc will not issue fractional shares; instead, shareholders will receive a full share for any fractional amount.
Changes in Authorized Share Capital
With the consolidation in effect, the authorized capital of Linkage Global Inc will shift from US$2,500,000 divided into 9,980,000,000 Class A ordinary shares and 20,000,000 Class B ordinary shares to a revised structure of US$2,500,000. This will now comprise 998,000,000 Class A shares and 2,000,000 Class B shares, each carrying a par value of US$0.0025.
Introduction to Linkage Global Inc
Linkage Global Inc is a dynamic holding company established in the Cayman Islands, operating through subsidiaries in various regions, including Japan and Hong Kong. As an integrated ecommerce service provider, Linkage engages in cross-border sales and offers a wide array of services tailored to support its clients throughout their e-commerce journey.
Company Operations and Services
Through its subsidiaries, Linkage has developed a robust service system consisting of two core lines of business: cross-border sales and integrated e-commerce solutions. This dual approach amplifies the Company’s ability to serve diverse market needs and enhances its competitive edge in the global marketplace.
Connecting with Linkage Global Inc
For interested parties seeking detailed insights or wishing to connect with the Company, Linkage Global Inc provides various channels for communication. Potential investors and stakeholders are encouraged to reach out through the investor relations contact.
Investor Relations Contact
Investor Relations
WFS Investor Relations Inc.
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742
Frequently Asked Questions
What is the reason for Linkage Global Inc's share consolidation?
The consolidation aims to help Linkage Global Inc regain compliance with Nasdaq listing requirements, ensuring ongoing market participation.
When will the consolidation take effect?
The share consolidation is scheduled to take effect on April 7, with trading beginning on a split-adjusted basis.
Will shareholders need to take any action for the share consolidation?
No action is required from shareholders; the consolidation will happen automatically.
What changes will occur to the authorized shares of Linkage Global Inc?
The authorized share capital will adjust from 9,980,000,000 Class A shares and 20,000,000 Class B shares to 998,000,000 Class A shares and 2,000,000 Class B shares after the consolidation.
How can investors contact Linkage Global Inc for more information?
Investors can reach out via email to Connie Kang at WFS Investor Relations Inc or call the provided phone number for inquiries.
