WORK Medical Technology Group completes 1-for-100 reverse stock split
WORK Medical Technology Group completes 1-for-100 reverse stock split
Updated at: June 18, 2026 at 07:00 AM
On June 18, 2026, WORK Medical Technology Group, a China-based medical device manufacturer traded on the Nasdaq as 'WOK,' implemented a 1-for-100 reverse stock split.
This corporate action consolidated every 100 issued and outstanding ordinary shares into one single share.
The primary purpose of this move was to comply with Nasdaq’s minimum bid price requirement, as the stock had faced significant downward pressure.
Following the consolidation, the company’s outstanding Class A ordinary shares dropped from approximately 241.7 million to about 2.42 million.
WORK Medical Technology Group, which produces medical supplies like respiratory consumables and masks, has been actively pursuing global expansion.
Investors should note that such consolidations are often followed by significant short-term market volatility.
Any resulting fractional shares from the split were rounded up to the nearest whole share, ensuring a smooth transition for shareholders during this regulatory adjustment.
