Ridgetech Completes 1-for-150 Reverse Share Split and Updates Capital Structure

The latest update is out from Ridgetech ( (RDGT) ).

Ridgetech, Inc. disclosed that its board-approved 1-for-150 reverse share split of ordinary shares, authorized by shareholders at the December 12, 2025 annual meeting, became effective at 5:00 p.m. Eastern Time on April 7, 2026. The move consolidated every 150 ordinary shares into one, raised par value per ordinary share from US$0.001 to US$0.15, reduced outstanding ordinary shares from about 134.8 million to roughly 898,918, and adjusted authorized capital to 240 million ordinary shares and 10 million preferred shares.

The company said the reverse split applied uniformly to shareholders, with fractional entitlements rounded up, and its new ordinary shares began trading on a split-adjusted basis on Nasdaq on April 8, 2026 under the unchanged RDGT ticker but a new CUSIP. Ridgetech also adopted its Fifth Amended and Restated Memorandum and Articles of Association effective April 7, 2026 to reflect the consolidation, and confirmed proportionate adjustments to outstanding warrants, equity awards, equity plan reserves, and the share counts covered by its existing SEC registration statements, steps that help align its capital structure and listings with U.S. market and regulatory requirements.

The most recent analyst rating on (RDGT) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Ridgetech stock, see the RDGT Stock Forecast page.

Spark’s Take on RDGT Stock

According to Spark, TipRanks’ AI Analyst, RDGT is a Neutral.

The score is held down primarily by weak financial performance (revenue decline and ongoing operating losses) and bearish technical signals (negative MACD and low RSI). Offsetting factors are limited but include 2025 improvements in net income, cash flow turning positive, and reduced debt; valuation provides little support due to a negative P/E and no indicated dividend yield.

To see Spark’s full report on RDGT stock, click here.

More about Ridgetech

Ridgetech, Inc., a Cayman Islands–incorporated company with principal executive offices in Hangzhou, China, is listed on the Nasdaq Capital Market under the symbol RDGT. The company has a broad corporate mandate with unrestricted objects under Cayman law and maintains significant authorized ordinary and preferred share capital, positioning it to access U.S. capital markets through existing F-3 and S-8 registration statements.

Average Trading Volume: 367,141

Technical Sentiment Signal: Sell

Current Market Cap: $2.66M

For a thorough assessment of RDGT stock, go to TipRanks’ Stock Analysis page.