Wellchange Holdings Announces 1-for-10 Reverse Stock Split
Wellchange Holdings (WCT) has announced a 1-for-10 reverse stock split of its Class A ordinary shares, scheduled to take effect on November 9, 2026. This corporate action will reduce the company's total outstanding Class A ordinary shares from approximately 10,581,089 to roughly 1,058,109. Following the announcement, WCT shares experienced a significant decline of over 13% in pre-market trading. Reverse splits are often viewed with caution by investors as they can sometimes be perceived as a measure to maintain listing requirements or address low share prices.
Tickers: $WCT
Topics: reverse stock split share reduction stock price movement