Yueda Digital announces one-for-one hundred reverse share split

Yueda Digital (YDKG) announced that on November 4, the company’s board of directors approved a one-for-one hundred consolidation of the company’s authorized and issued shares, to be effective for trading purposes at the open of business on November 14. The objective of the Reverse Share Split and Share Consolidation is to enable the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2), which pertains to the minimum bid price requirement, and maintain its listing on the Nasdaq Capital Market. Beginning with the opening of trading on November 14, the company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol “YDKG” but under a new CUSIP number, G0137L110.