Top Wealth Group Holding Ltd. received approval for a 1-for-100 reverse split of its Class A and Class B ordinary shares. The split is intended to raise the share price to meet Nasdaq Capital Market’s minimum bid price requirement and avoid delisting. It will take effect for trading on October 22, 2026.
Every 100 existing shares will be combined into one share. The split will not change shareholders’ percentage ownership, except for minor adjustments from fractional shares, which will be rounded up.
The shares will continue to trade on Nasdaq under the symbol TWG, with a new CUSIP number. The company’s board and shareholders approved the split on September 29, 2026.