{"id":831118,"date":"2025-03-28T08:46:20","date_gmt":"2025-03-28T12:46:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/meiwu-technology-company-limited-announces-1-for-20-reverse-share-split\/"},"modified":"2025-03-28T08:46:20","modified_gmt":"2025-03-28T12:46:20","slug":"meiwu-technology-company-limited-announces-1-for-20-reverse-share-split","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/meiwu-technology-company-limited-announces-1-for-20-reverse-share-split\/","title":{"rendered":"Meiwu Technology Company Limited Announces 1 for 20 Reverse Share Split"},"content":{"rendered":"
\n

SHENZHEN, China, March 28, 2025 (GLOBE NEWSWIRE) — Meiwu Technology Company Limited (NASDAQ: WNW) (“WNW” or the “Company”), announced today that an 1 for 20 reverse share split of its ordinary shares, no par value each, (the \u201cOrdinary Shares\u201d) was approved by the Company\u2019s Board of Directors on March 5, 2025. In connection with the reverse share split, the Company\u2019s shareholders will receive one new Ordinary Share of the Company for every twenty Ordinary Shares they hold. The Company\u2019s Ordinary Shares are expected to begin trading on a split-adjusted basis when the market opens on April 1, 2025.<\/p>\n

The reverse share split is expected to lead the Company\u2019s Ordinary Shares to trade at approximately twenty times the price per share at which the Ordinary Shares trade prior to the effectiveness of the reverse share split. The Company, however, cannot assure that the price of its Ordinary Shares after the reverse split will reflect the 1 for 20 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price.<\/p>\n

As of March 21, 2025, there were approximately 63.3 million of the Company\u2019s Ordinary Shares outstanding. Effecting the 1 for 20 reverse split will reduce that amount to approximately 3.2 million. The reverse split will not change the number of the Company\u2019s authorized shares.<\/p>\n

\n
\n Treatment of Stock Options and Restricted Shares<\/em>
\n <\/strong>\n <\/p>\n

The number of Ordinary Shares into which the Company\u2019s outstanding stock options and restricted shares as well as the options\u2019 relevant exercise price per share will be proportionally adjusted to reflect the reverse split.<\/p>\n

\n
\n Fractional Shares<\/em>
\n <\/strong>\n <\/p>\n

Any fractional shares that would have resulted because of the Reverse Split will be rounded up to the nearest whole share on the broker\u2019s level.<\/p>\n

\n
\n New Ordinary Share Certificates<\/em>
\n <\/strong>\n <\/p>\n

Certificates reflecting the new share number will be issued in due course as old share certificates are tendered for exchange or transfer to the Company\u2019s transfer agent, TranShare Corporation (\u201cTranShare\u201d). Registered shareholders holding pre-split shares of the Company’s Ordinary Shares electronically in book-entry form are not required to take any action to receive post-split shares. Shareholders who hold their shares through a securities broker or nominee (i.e., in \u201cstreet name\u201d) will be contacted by their brokers or nominees with any instructions. For more information, shareholders and securities brokers should contact TranShare at (303) 662-1112.<\/p>\n

\n About Meiwu Technology Company Limited<\/strong>\n <\/p>\n

Meiwu Technology Company Limited is a British Virgin Islands company incorporated on December 4, 2018. Meiwu implemented a strategic transition of its business from online sales of selected high-quality food products and short message service to the skincare industry, and currently engages in the sale of the functional skincare products through Xiamen Chunshang Health Technology Co., Ltd. (\u201cChunshang Xiamen\u201d), an indirect wholly owned subsidiary of Meiwu in China.<\/p>\n

\n Safe Harbor Statement<\/strong>\n <\/p>\n

Certain statements made in this release are \u201cforward looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words \u201cestimates,\u201d \u201cprojected,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201cforecasts,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cfuture,\u201d \u201cpropose\u201d and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions, or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company\u2019s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company\u2019s filings with the Securities and Exchange Commission, which are available for review at www.sec.gov<\/u><\/a>.<\/u> The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.<\/p>\n

\n For more information, please contact:<\/strong>
\n
Zhichao Yang
Email: meiwuBS@usmeiwu.com<\/u><\/a><\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

SHENZHEN, China, March 28, 2025 (GLOBE NEWSWIRE) — Meiwu Technology Company Limited (NASDAQ: WNW) (“WNW” or the “Company”), announced today that an 1 for 20 reverse share split of its ordinary shares, no par value each, (the \u201cOrdinary Shares\u201d) was approved by the Company\u2019s Board of Directors on March 5, 2025. In connection with the reverse share split, the Company\u2019s shareholders will receive one new Ordinary Share of the Company for every twenty Ordinary Shares they hold. The Company\u2019s Ordinary Shares are expected to begin trading on a split-adjusted basis when the market opens on April 1, 2025. The reverse share split is expected to lead the Company\u2019s Ordinary Shares to trade at approximately twenty times the price per share … <\/p>\n

Continue reading “Meiwu Technology Company Limited Announces 1 for 20 Reverse Share Split”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-831118","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMeiwu Technology Company Limited Announces 1 for 20 Reverse Share Split - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/meiwu-technology-company-limited-announces-1-for-20-reverse-share-split\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meiwu Technology Company Limited Announces 1 for 20 Reverse Share Split - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SHENZHEN, China, March 28, 2025 (GLOBE NEWSWIRE) — Meiwu Technology Company Limited (NASDAQ: WNW) (“WNW” or the “Company”), announced today that an 1 for 20 reverse share split of its ordinary shares, no par value each, (the \u201cOrdinary Shares\u201d) was approved by the Company\u2019s Board of Directors on March 5, 2025. In connection with the reverse share split, the Company\u2019s shareholders will receive one new Ordinary Share of the Company for every twenty Ordinary Shares they hold. The Company\u2019s Ordinary Shares are expected to begin trading on a split-adjusted basis when the market opens on April 1, 2025. 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