Skycorp Solar (PN) consolidates shares in 1-for-20 reverse stock split

Rhea-AI Filing Summary

Skycorp Solar Group Limited is implementing a reverse share split of its ordinary shares. The board approved a 1-for-20 reverse split of all issued and unissued shares, effective on April 13, 2026, when the stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market.

The reverse split will reduce outstanding Class A Ordinary Shares from 25,735,000 to approximately 1,286,750. Every twenty pre-split shares will automatically combine into one post-split share. The company will not issue fractional shares; instead, any holder entitled to a fraction will receive one whole post-split share.

Insights

Equity structure analyst

Skycorp is consolidating its share count via a 1-for-20 reverse split.

Skycorp Solar Group Limited approved a reverse share split where every twenty Class A Ordinary Shares become one. This reduces outstanding shares from 25,735,000 to about 1,286,750, while the Class A Ordinary Shares continue trading on the Nasdaq Capital Market.

A reverse split typically leaves each shareholder’s proportional ownership unchanged, simply consolidating shares into fewer, higher-priced units. The filing states that no fractional shares will be issued; any shareholder who would otherwise receive a fraction will get one whole post-split share instead.

The split becomes effective on April 13, 2026, when trading starts on a split-adjusted basis. Subsequent company disclosures and market trading after that date will show how the new share structure functions in practice.

Key Figures

Reverse split ratio: 1-for-20 Pre-split shares outstanding: 25,735,000 Class A Ordinary Shares Post-split shares outstanding: Approximately 1,286,750 Class A Ordinary Shares +3 more

6 metrics

Reverse split ratio 1-for-20 Exchange ratio for all issued and unissued shares

Pre-split shares outstanding 25,735,000 Class A Ordinary Shares Outstanding before reverse share split

Post-split shares outstanding Approximately 1,286,750 Class A Ordinary Shares Outstanding after reverse share split

Effective date April 13, 2026 Date reverse share split becomes effective and trading adjusts

Meeting authorization period 3 years Period after October 10, 2025 meeting for board to implement splits

Meeting date October 10, 2025 Extraordinary general meeting authorizing reverse share splits

Key Terms

reverse share split, Nasdaq Capital Market, extraordinary general meeting, foreign private issuer, +1 more

5 terms

reverse share split financial

"approved a reverse share split of all the Company’s issued and unissued shares"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

Nasdaq Capital Market financial

"Class A Ordinary Shares will begin trading on the Nasdaq Capital Market"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

extraordinary general meeting financial

"held an extraordinary general meeting and approved, among other things, the authorization"

foreign private issuer regulatory

"Report of Foreign Private Issuer Pursuant to Rule 13a-16"

A foreign private issuer is a company organized outside the United States that meets tests showing it is primarily foreign-controlled and therefore qualifies for a different set of U.S. reporting rules. For investors, that means the company files less frequent or differently formatted disclosures with U.S. regulators and may follow home-country accounting and governance practices, so buying its stock is like dining at a well-reviewed restaurant that follows its home kitchen’s rules instead of the local menu — you get access but should check what standards apply.

authorized share capital financial

"reverse share splits of the Company’s authorized share capital"

The maximum number of shares a company is legally allowed to issue according to its governing documents. Think of it as the size of the blank checkbook a company keeps for selling ownership stakes: it sets an upper limit but does not mean all shares are in circulation. Investors care because a larger authorized amount makes it easier for the company to raise money or grant stock-based pay, which can dilute existing holdings and affect control and value per share.

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of April 2026

Commission file number: 001-42544

Skycorp Solar Group Limited

Room 303, Block B, No.188 Jinghua Road, Yinzhou District, 

Ningbo City, Zhejiang Province, China 315048

+86 0574 87966876

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ☒     Form 40-F ☐

EXPLANATORY NOTE

As disclosed earlier, on October 10, 2025, Skycorp Solar Group Limited (the “Company”) held an extraordinary general meeting and approved, among other things, the authorization of the board of directors (the “Board”) to effect, in its sole discretion, reverse share splits of the Company’s authorized share capital, with such reverse share splits to be implemented at any time within three (3) calendar years following the conclusion of the extraordinary general meeting, as determined by the Board. On March 30, 2026, the Board of the Company approved a reverse share split of all the Company’s issued and unissued shares at an exchange ratio of one (1) share for twenty (20) shares (“Reverse Share Split”).

The Reverse Stock Split will be effective on April 13, 2026 and the Company’s Class A Ordinary Shares will begin trading on the Nasdaq Capital Market (“Nasdaq”) on a split-adjusted basis at the opening of market on April 13, 2026.

The Class A Ordinary Shares will continue to trade on the Nasdaq Capital Market under the trading symbol “PN” but will trade under the following new CUSIP number: G8221K138. The Reverse Share Split will reduce the number of outstanding Class A Ordinary Shares of the Company from 25,735,000 to approximately 1,286,750 Class A Ordinary Shares. Every twenty (20) outstanding Class A Ordinary Shares will be combined into and automatically become one post-Reverse Share Split Class A Ordinary Share. No fractional shares will be issued in connection with the Reverse Stock Split. Instead, the Company will issue one full post-Reverse Stock Split Class A Ordinary Share to any shareholder at a participant level who would have been entitled to receive a fractional share as a result of the process.

1

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Skycorp Solar Group Limited
Date: April 8, 2026	By:	/s/ Weiqi Huang
	Name:	Weiqi Huang
	Title:	Chief Executive Officer, Chairman of the Board, Director

2

FAQ

What reverse share split did Skycorp Solar Group Limited (PN) approve?

Skycorp Solar Group Limited approved a 1-for-20 reverse share split of all issued and unissued Class A Ordinary Shares. This means every twenty existing shares will automatically combine into one new share, consolidating the share count without changing each holder’s overall ownership percentage.

When does Skycorp Solar’s 1-for-20 reverse share split take effect?

The reverse share split becomes effective on April 13, 2026. On that date, Skycorp Solar’s Class A Ordinary Shares will begin trading on the Nasdaq Capital Market on a split-adjusted basis, reflecting the new, lower number of shares outstanding and higher per-share price level.

How will Skycorp Solar’s reverse share split change shares outstanding for PN?

The reverse share split will reduce Skycorp Solar’s outstanding Class A Ordinary Shares from 25,735,000 to approximately 1,286,750. This 1-for-20 consolidation keeps each investor’s ownership percentage the same but results in fewer shares at a proportionally higher trading price per share.

What happens to fractional shares in Skycorp Solar’s reverse split?

Skycorp Solar will not issue fractional post-split shares. Instead, any shareholder at the participant level who would otherwise receive a fractional share will be issued one full Class A Ordinary Share, simplifying the split’s implementation and ensuring investors are not left holding fractional positions.

Will Skycorp Solar (PN) change its Nasdaq ticker after the reverse split?

Skycorp Solar’s Class A Ordinary Shares will continue trading on the Nasdaq Capital Market under the existing trading symbol PN. The main change is the 1-for-20 reverse share split and corresponding adjustment in shares outstanding, not a change in the company’s Nasdaq ticker symbol.