Ucommune (UK) consolidates shares in 1-for-10 reverse split on Nasdaq
Rhea-AI Filing Summary
Ucommune International Limited is implementing a reverse share split of its ordinary shares at a ratio of one-for-ten. This combines every ten existing ordinary shares into one new share.
The change will be effective at 5:00 P.M. on April 29, 2026, with Class A ordinary shares beginning to trade on the Nasdaq Capital Market on a split-adjusted basis on April 30, 2026, under the symbol “UK” and a new CUSIP G9449A142. The reverse split will reduce the number of outstanding ordinary shares from 6,779,498 (6,660,111 Class A and 119,387 Class B) to approximately 677,951 (approximately 666,012 Class A and 11,939 Class B). No fractional shares will be issued; instead, holders who would otherwise receive a fraction will receive one full post-split share.
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Insights
Ucommune is consolidating shares via a 1-for-10 reverse split without changing total equity value.
The company is executing a one-for-ten reverse share split, cutting its ordinary share count from 6,779,498 to approximately 677,951 while keeping economic ownership proportions the same. Class A and Class B shares are both affected in the same ratio.
Reverse splits are typically used to increase the trading price per share by reducing the number of shares outstanding. Here, Ucommune preserves listing continuity on the Nasdaq Capital Market, maintains the “UK” ticker, and assigns a new CUSIP. Fractional positions are rounded up to one full post-split share at the participant level.