Tianci International, Inc. (CIIT) implemented a 1-for-10 reverse stock split of its common stock, effective July 20, 2026. The action is intended to help the company maintain compliance with Nasdaq's minimum bid price requirement. The stock continues to trade on the Nasdaq Capital Market under the symbol "CIIT" on a split-adjusted basis with a new CUSIP number of 88631G403.
Key Details
- Split Ratio: One new share was issued for every ten existing shares of common stock.
- Shares Outstanding: The number of issued and outstanding shares was reduced from 9,673,907 to approximately 967,391. The number of authorized shares remains unchanged.
- Warrant Adjustments: The exercise price and number of shares issuable under outstanding warrants were proportionally adjusted. For example, the exercise price of common warrants issued in June 2026 was adjusted from $0.81 to $8.10 per share.
- Fractional Shares: No fractional shares were issued; any resulting fractional shares were rounded up to the nearest whole number.