SOLOWIN HOLDINGS (NASDAQ: AXG), a financial technology firm focused on traditional and digital assets, announced a 1-for-200 reverse share split of its outstanding Class A and Class B ordinary shares. The company’s Class A shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market on Oct. 29, 2026, under the existing ticker symbol AXG and a new CUSIP number. The reverse split will reduce outstanding Class A shares from approximately 201.5 million to 1.01 million and Class B shares from approximately 31.4 million to 156,858, subject to adjustments for fractional shares. The par value of both share classes will increase from $0.0001 to $0.02 per share.
The reverse split was approved by the company’s board of directors on Oct. 2, 2026, and shareholders on Oct. 13, 2026. No fractional shares will be issued, with fractional interests rounded up to the nearest whole share. The company expects the post-split trading price to initially reflect approximately 200 times the pre-split price but cautioned that the adjusted price may not be sustained. Shareholders holding shares electronically or through brokerage accounts will not need to take any action.
The reverse split is significant because it will drastically reduce the number of outstanding shares, which could make the stock more attractive to institutional investors and potentially improve liquidity. However, the company’s caution that the adjusted price may not be sustained underscores the inherent risks. For more details, see the full press release at https://ibn.fm/1zK3Y.
SOLOWIN HOLDINGS is a global regulated fintech company established in 2016, combining blockchain and AI technologies to operate a dual-token digital economy platform. Its offerings include stablecoin issuance, asset tokenization, securities trading, and AI-powered services. For more information, visit https://www.alloyx.com or the Investor Relations page at https://ir.alloyx.com. The latest news and updates relating to AXG are available in the company’s newsroom at https:/ibn.fm/AXG.
This announcement is distributed by CryptoCurrencyWire, a specialized communications platform focused on blockchain and cryptocurrency. CCW is part of the Dynamic Brand Portfolio @ IBN, which provides wire solutions via InvestorWire, editorial syndication to 5,000+ outlets, press release enhancement, social media distribution, and corporate communications solutions. For more information, visit https://www.CryptoCurrencyWire.com. Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://www.CryptoCurrencyWire.com/Disclaimer.
