Inno Holdings approves 1-for-20 reverse stock split for Nasdaq compliance

Inno Holdings (INHD) has approved an 1-for-20 reverse stock split of all its issued and outstanding common stock pursuant to the authorization grated from the annual meeting of the company’s stockholders on March 2, 2026. The reverse stock split will not affect the par value of the company’s common stock, which will remain no par value per share. In addition, the reverse stock split will not change the number of authorized shares of the company’s common stock, which will remain 1B shares of common stock. The company’s common stock will continue to trade on Nasdaq under the existing symbol “INHD” and will begin trading on a split-adjusted basis when the market opens on May 4. The new CUSIP number for the common stock following the reverse stock split will be 4576JP406. At the time of the split, every 20 shares of the company’s issued and outstanding common stock will be automatically combined into 1 share of common stock. This will reduce the number of issued and outstanding shares of common stock from 50,413,224 shares to 2,520,662 shares.