Wellchange Holdings Company Limited (NASDAQ:WCT), a Hong Kong-based enterprise software and SaaS provider, announced plans to implement a 1-for-50 reverse stock split of its Class A and Class B ordinary shares.
The company’s board approved the move on January 28, 2026, following shareholder authorization granted during a meeting held on August 7, 2025. The reverse split will take effect at the market open on March 6, 2026.
As a result of the transaction, Wellchange’s outstanding ordinary shares will be reduced from approximately 153.27 million to about 3.07 million. All related stock options and warrants will be adjusted proportionally, while investors’ relative ownership stakes will remain largely unchanged.
Following the split, the company’s Class A shares will continue to trade on the Nasdaq Capital Market under the ticker WCT. The shares will carry a new CUSIP number, G9545M123. The company noted that no fractional shares will be issued, with shareholdings rounded up to the nearest whole share.
Wellchange is also reducing its authorized share capital to a total of 20 million ordinary shares and increasing the par value of each share to $0.0025. According to the company, these adjustments are intended to improve its share structure and support broader capital management and compliance objectives.
More about Wellchange Holdings Company Limited
Wellchange Holdings Company Limited is headquartered in Hong Kong and operates through its subsidiary Wching Tech Ltd Co. The company develops enterprise software solutions, including customized platforms, cloud-based SaaS products, and white-label software systems. Its offerings focus on affordable, user-friendly ERP tools designed to help small and medium-sized businesses digitize their operations and improve efficiency during digital transformation initiatives.