Republic Power Group stock plummeted after announcing a reverse stock split

LootboxPhobia · 2026-02-20T05:37:32+00:00

Republic Power Group Limited's stock plummeted 18.7% after announcing a 1-for-20 reverse stock split plan. The move aims to meet the NASDAQ minimum bid price requirement, and the stock price is expected to increase approximately 20 times after the split, but the company warns that it cannot guarantee maintaining this ratio. The reverse split will take effect on February 23, 2026.

LootboxPhobia

2026-02-20 05:37:32

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Investing.com – Republic Power Group Limited (NASDAQ: RPGL) stock plummeted 18.7% on Thursday after the company announced plans for a 1-for-20 reverse stock split to meet the Nasdaq minimum bid price requirement.

The reverse split is scheduled to take effect on February 23, 2026, reducing Republic Power’s issued Class A common shares from 62,025,000 shares to approximately 310,000 shares. After the split, the stock will continue trading under the same ticker symbol but will use a new CUSIP number (G7523E113), with an adjusted par value of $0.0125 per share.

The company’s board of directors approved this measure on February 2, 2026, to meet the Nasdaq minimum bid price of $1.00 and maintain listing eligibility. While the reverse split is expected to increase Republic Power’s stock price by approximately 20 times, the company warned that there is no guarantee the post-split price will sustain this ratio or remain above pre-split levels.

The split will not issue any fractional shares; all fractional interests will be rounded up to the nearest whole number of Class A common shares. Shareholders holding shares in book-entry form or through brokerage accounts do not need to take any action regarding the reverse split.

Transhare Corporation will serve as the exchange agent for this transaction, providing instructions to certificated shareholders regarding the exchange process.

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