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Decent Holding Approves 1-for-25 Reverse Stock Split To Maintain Nasdaq Listing

Benzinga·03/12/2026 11:05:00
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Decent Holding Inc. (NASDAQ:DXST) ("Decent" or "we," "our," or the "Company"), an established wastewater treatment services provider in China, today announced that on February 25, 2026, its board of directors approved a reverse split of its Class A ordinary shares and Class B ordinary shares on a one-for-twenty-five basis (the "Reverse Share Split"). The Company's Class A Ordinary Shares will begin trading on the Nasdaq Stock Market LLC ("Nasdaq") on a post-split basis on March 16, 2026 under the symbol "DXST" under a new CUSIP number – G2748R205.

As a result of the Reverse Share Split, each twenty-five (25) issued and outstanding Class A ordinary shares will be combined into one (1) Class A ordinary share and each twenty-five (25) issued and outstanding Class B ordinary shares will be combined into one (1) Class B ordinary share, automatically and without any action by shareholders. The reverse split will result in a proportional increase in par value from US$0.0001 per share to US$0.0025 per share and an adjustment of the Company's authorized share capital to US$50,000 divided into (a) 19,800,000 Class A ordinary shares with a par value of US$0.0025 each and (b) 200,000 Class B ordinary shares with a par value of US$0.0025 each. After giving effect to the Reverse Share Split, the Company expects to have approximately 1,615,103 Class A ordinary shares and 200,000 Class B ordinary shares issued and outstanding. The Reverse Share Split is intended to increase the market price per share of the Company's Class A ordinary shares to allow the Company to maintain its Nasdaq listing.

No fractional shares will be issued as a result of the Reverse Share Split. Shareholders who would be entitled to a fractional share as a result of the Reverse Share Split shall have their entitlement rounded up to the nearest whole share.

The Reverse Share Split was approved by a vote of the Company's shareholders at its extraordinary meeting of shareholders held on February 23, 2026.