tiprankstipranks
Advertisement
Advertisement

DirectBooking Technology Enacts 16-for-1 Reverse Split to Maintain Nasdaq Listing

Story Highlights
  • DirectBooking Technology approved a 16-for-1 reverse split effective February 17, 2026 to consolidate its dual-class shares.
  • The share consolidation aims to meet Nasdaq’s minimum bid price and streamline capital structure without diluting ownership.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
DirectBooking Technology Enacts 16-for-1 Reverse Split to Maintain Nasdaq Listing

Claim 30% Off TipRanks

DirectBooking Technology ( (ZDAI) ) has shared an update.

DirectBooking Technology Co., Ltd., which operates construction-related transportation and engineering services in Hong Kong through its Primega subsidiary, has moved to consolidate its share structure while maintaining its dual-class voting rights. The company’s total authorized share capital remains at US$250,000, reclassified into Class A and Class B ordinary shares with an increased par value following the transaction.

On December 14, 2025, shareholders approved a reverse stock split of the company’s Class A and Class B ordinary shares, and on January 23, 2026, the board set the consolidation ratio at 16-for-1, effective February 17, 2026. The move, which includes rounding fractional entitlements to the nearest whole share and keeping proportional ownership unchanged, is intended to help the company meet Nasdaq’s minimum bid price requirement and streamline its capital structure, with the Class A shares continuing to trade under the ticker ZDAI on a split-adjusted basis from February 19, 2026.

More about DirectBooking Technology

DirectBooking Technology Co., Ltd. is a Cayman Islands holding company operating through its Hong Kong subsidiary Primega Construction Engineering, which provides transportation services to Hong Kong’s construction industry. The company focuses on hauling excavated soil and rock and performing excavation, lateral support, and bored piling works, mainly as a subcontractor, while promoting reuse of construction materials to reduce waste.

Average Trading Volume: 336,710

Technical Sentiment Signal: Sell

Current Market Cap: $48.87M

For detailed information about ZDAI stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1