Welcome to our dedicated page for Inno Holdings news (Ticker: inhd), a resource for investors and traders seeking the latest updates and insights on Inno Holdings stock.
Inno Holdings Inc. (INHD)) is a leader in advanced building technology, specializing in cold-formed steel framing systems and prefabricated home solutions. This news hub provides investors and industry professionals with essential updates on the company's innovations, operational milestones, and market developments.
Access authoritative information about product launches, strategic partnerships, and financial performance directly from official sources. Our curated collection includes press releases covering manufacturing advancements, regulatory compliance updates, and market expansion initiatives across residential and commercial construction sectors.
Stay informed about INHD's contributions to sustainable construction practices and steel framing technology breakthroughs. Bookmark this page for real-time updates on corporate announcements, leadership changes, and industry recognition that shape the future of modern building solutions.
INNO Holdings (NASDAQ: INHD), a building technology company known for cold-formed steel framing technology and AI-driven design, announced its expansion into electronic products trading and digital transformation initiatives. Starting December 2024, the company is undergoing digital transformation in marketing, distribution, and sales, focusing on expanding into electronic products including cell phones, computers, and tablets.
The company aims to enhance its sales and distribution network across Asia while implementing a comprehensive digital marketing plan for global sales growth. CEO Ding Wei emphasized plans to collaborate with more partners to explore new business opportunities. However, the company noted there is no assurance these efforts will lead to anticipated sales growth or increased enterprise value.
Inno Holdings announced a 1-for-10 reverse stock split of its common stock, effective after close of trading on October 9, 2024. The stock will trade on a split-adjusted basis under the ticker INHD from October 10, 2024. The reverse split aims to increase the per share price to meet Nasdaq's minimum $1.00 average closing price requirement.
Every ten shares of common stock will be combined into one share, with no changes to the total number of authorized shares, par value per share, or other classes of stock. Fractional shares will be rounded up to the nearest whole share. VStock Transfer, will manage the exchange process for shareholders.
