Republic Power Group Limited, listed on Nasdaq under the symbol “RPGL”, has announced a 1-for-20 reverse share split of its Class A and Class B ordinary shares, effective from the start of trading on 23 February 2026. This strategic move aims to ensure compliance with Nasdaq’s minimum bid price requirement of $1.00 per share.
The reverse share split will see the Class A Ordinary Shares trade at approximately 20 times their pre-split price, although the company cannot guarantee this price will be maintained. The Class A shares will continue to trade under the symbol “RPGL” with a new CUSIP number, G7523E113. The par value of these shares will be adjusted from $0.000625 to $0.0125 per share.
The reverse share split will reduce the number of issued and outstanding Class A Ordinary Shares from 62,025,000 to approximately 3.1 million, subject to adjustments for fractional shares, which will be rounded up to the nearest whole share. Transhare Corporation has been appointed as the exchange and paying agent for the process.
Shareholders with shares in book-entry form or brokerage accounts do not need to take any action. Those with share certificates will receive instructions from Transhare Corporation regarding the exchange process. The board of directors approved the reverse share split on 2 February 2026.
Republic Power is a Singapore-based company engaged in developing customized enterprise resource planning (“ERP”) software solutions, consulting and technical support services, and peripheral hardware.
