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Eshallgo Announces 1 for 16 Share Consolidation

EHGO
  • Eshallgo Inc. (NASDAQ: EHGO) announced a 1-for-16 reverse split of its Class A & Class B ordinary shares effective at the Nasdaq open on April 20, 2026.
  • The Board approved the 1-for-16 ratio on April 10, 2026, following shareholder approval at the January 8, 2026 annual general meeting for a ratio between 1-for-10 & 1-for-200.
  • The reverse split aims to ensure compliance with Nasdaq Listing Rule 5550(a)(2) requiring a minimum bid price of $1.00 per share.
  • Trading will commence under the symbol "EHGO" with a new CUSIP number G3121H111 starting April 20, 2026.
  • Par value per share will increase from $0.0001 to $0.0016 for both Class A & Class B shares upon consolidation.
  • Total issued Class A shares will decrease from approximately 26.51 million to 1.66 million, while Class B shares will drop from 5.86 million to 0.37 million.
  • Fractional shares will not be issued; shareholders will receive one full share in lieu of any fractional interest resulting from the split.
  • Shareholder percentage ownership remains unchanged except for minor adjustments due to fractional share treatment, with no action required for brokerage account holders.
  • Eshallgo Inc. is a Shanghai-based digital office solution provider that expanded into enterprise AI applications in 2025.