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1-for-4 consolidation at Wing Yip Food (NASDAQ: WYHG) targets Nasdaq bid rule

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Wing Yip Food Holdings Group Limited is implementing a 1-for-4 share consolidation to help meet Nasdaq’s minimum bid price requirement and reduce delisting risk. Every four existing ordinary shares will convert into one consolidated share effective May 8, 2026.

The company’s American depositary shares (ADSs) will also consolidate 1-for-4, with every four existing ADSs exchanged for one new ADS, effective at the opening of the Nasdaq Capital Market on June 2, 2026. Each ADS will continue to represent one ordinary share, so holders’ overall economic interest remains unchanged.

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Insights

Wing Yip is executing a 1-for-4 share and ADS consolidation to support Nasdaq listing compliance.

Wing Yip Food Holdings Group Limited approved a 1-for-4 share consolidation after shareholder approval at its 11th annual general meeting. The move is explicitly tied to Nasdaq Listing Rule 5550(a)(2), which sets a minimum bid price for continued listing on the Nasdaq Capital Market.

The company is matching this at the ADR level via a 1-for-4 ADS consolidation, while keeping each ADS equal to one underlying ordinary share. Capitalization will shift from 50,330,928 to approximately 12,582,732 ordinary shares issued and outstanding as of the effective date, with ADSs shrinking from 2,357,500 to about 589,375.

This restructuring is mechanical rather than value-creating: it does not change aggregate shareholder economic interest but may increase the per-share and per-ADS market price. Future compliance with Nasdaq’s minimum bid price will ultimately depend on market trading levels after the consolidation dates of May 8, 2026 and June 2, 2026.

Share consolidation ratio 1-for-4 shares Four existing shares to one consolidated share, effective May 8, 2026
ADS consolidation ratio 1-for-4 ADSs Four existing ADSs to one new ADS, effective June 2, 2026
Ordinary shares outstanding pre-consolidation 50,330,928 shares Issued and outstanding as of May 7, 2026
Ordinary shares outstanding post-consolidation ≈12,582,732 shares Approximate count after share consolidation effective May 8, 2026
ADSs outstanding pre-consolidation 2,357,500 ADSs ADSs represented as of May 7, 2026
ADSs outstanding post-consolidation ≈589,375 ADSs Approximate ADSs after consolidation effective June 2, 2026
Nasdaq rule reference Listing Rule 5550(a)(2) Minimum Bid Price Rule cited as reason for consolidation
Share Consolidation financial
"the consolidation of the Company’s shares at a ratio of four (4) existing shares to one (1) consolidated share (the “Share Consolidation”)"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
Nasdaq Listing Rule 5550(a)(2) regulatory
"in order for the Company to meet the continued listing standard of the Nasdaq Stock Market LLC relating to the minimum bid price under Nasdaq Listing Rule 5550(a)(2)"
Minimum Bid Price Rule regulatory
"relating to the minimum bid price under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”)"
A minimum bid price rule is a stock market requirement that a listed company's share must trade above a set minimum price over a specified period to remain listed on an exchange. It matters to investors because falling below that threshold can trigger warnings, potential delisting, and reduced liquidity—similar to a student needing a passing grade to stay enrolled—making the shares harder to buy, sell, or value accurately.
American depositary shares financial
"The Company’s American depositary shares (“ADSs”) each represent one ordinary share of the Company"
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
ADS Consolidation financial
"every four (4) existing ADSs will be exchanged for one (1) new ADS (the “ADS Consolidation”)"

 

 

 

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 May 2026

 

Commission File Number: 001-42407

 

Wing Yip Food Holdings Group Limited

 

No.9, Guanxian North Rd

Huangpu Town, Zhongshan City

Guangdong, People’s Republic of China 528429

(Address of principal executive office)

 

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

 

Form 20-F ☒          Form 40-F ☐

 

 

 

 

Share Consolidation

 

On April 22, 2026, Wing Yip Food Holdings Group Limited, a company with limited liability incorporated in Hong Kong (the “Company”), held its 11th annual general meeting of shareholders (the “Meeting”), at which the Company’s shareholders considered, voted on, and approved, among other things, the consolidation of the Company’s shares at a ratio of four (4) existing shares to one (1) consolidated share (the “Share Consolidation”), with an effective date of May 8, 2026 (the “Share Consolidation Effective Date”).

 

Reason for the Share Consolidation. The Share Consolidation was proposed in order for the Company to meet the continued listing standard of the Nasdaq Stock Market LLC (“Nasdaq”) relating to the minimum bid price under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”), and to mitigate the risk of the Company being delisted from Nasdaq.

 

American Depositary Shares. The Company’s American depositary shares (“ADSs”) each represent one ordinary share of the Company (collectively, the “Ordinary Shares”, and each, an “Ordinary Share”). In connection with the Share Consolidation, the Company has instructed the ADS depositary bank, Deutsche Bank Trust Company Americas (the “Depositary Bank”), not to change the current ratio of ADSs to Ordinary Shares. Instead, each ADS will continue to represent one underlying Ordinary Share, but the total number of ADSs outstanding will be reduced proportionately, such that every four (4) existing ADSs will be exchanged for one (1) new ADS (the “ADS Consolidation”). Accordingly, the per-ADS market value is expected to increase proportionately, and the aggregate economic interest of each ADS holder in the Company will remain unchanged. The ADS Consolidation will become effective, and the Company’s ADSs will begin trading on a post-ADS Consolidation basis, at the opening of the Nasdaq Capital Market on June 2, 2026 (the “Marketplace Effective Date”). ADS holders should note that the Marketplace Effective Date is subsequent to the Share Consolidation Effective Date. During the interim period between the Share Consolidation Effective Date and the Marketplace Effective Date, the ADSs will continue to trade on a pre-ADS Consolidation basis notwithstanding that the Share Consolidation will have already taken effect at the company level. On the Marketplace Effective Date, ADS holders of record will have their ADSs automatically exchanged and need not take any action. No fractional ADSs will be issued in connection with the ADS Consolidation. Instead, fractional entitlements to new ADSs will be aggregated and sold by the Depositary Bank, and the net cash proceeds from the sale of such fractional ADS entitlements (after deduction of fees, taxes, and expenses) will be distributed to the applicable ADS holders by the Depositary Bank.

 

Symbol. The Company’s ADSs will continue to trade on the Nasdaq Capital Market under the symbol “WYHG”.

 

Capitalization. As of May 7, 2026, the Company had 50,330,928 Ordinary Shares issued and outstanding, of which 2,357,500 are represented by ADSs. Following the effectiveness of the Share Consolidation on the Share Consolidation Effective Date, there will be approximately 12,582,732 Ordinary Shares issued and outstanding. Following the effectiveness of the ADS Consolidation on the Marketplace Effective Date, there will be approximately 589,375 ADSs issued and outstanding.

 

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SIGNATURES

 

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.

 

  Wing Yip Food Holdings Group Limited
     
Date: May 7, 2026 By: /s/ Xiantao Wang
  Name:  Xiantao Wang
  Title: Director and Chairman of the Board

 

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FAQ

What share consolidation did Wing Yip Food (WYHG) approve?

Wing Yip Food approved a 1-for-4 share consolidation, where every four existing ordinary shares become one consolidated share. This was approved at the company’s 11th annual general meeting and is aimed at addressing Nasdaq’s minimum bid price requirements for continued listing.

When does Wing Yip Food’s share consolidation become effective?

The share consolidation becomes effective on May 8, 2026. On that date, every four existing ordinary shares will be combined into one new consolidated share, reducing the number of shares outstanding while leaving each shareholder’s overall economic interest in the company unchanged.

How will the ADS consolidation affect Wing Yip Food (WYHG) holders?

Wing Yip Food’s ADS consolidation exchanges every four existing ADSs for one new ADS, effective June 2, 2026. Each ADS will still represent one ordinary share, so the total economic interest for ADS holders stays the same, though the number of ADSs outstanding drops proportionately.

Why is Wing Yip Food conducting a share and ADS consolidation?

The company is consolidating shares to help satisfy Nasdaq’s Minimum Bid Price Rule under Listing Rule 5550(a)(2) and reduce delisting risk. By reducing the share count, the move is expected to increase the per-share and per-ADS market price without changing total shareholder value.

What will Wing Yip Food’s share count be after the consolidation?

As of May 7, 2026, Wing Yip Food had 50,330,928 ordinary shares outstanding. After the 1-for-4 consolidation, this will be approximately 12,582,732 shares. ADSs will also shrink from 2,357,500 to about 589,375, reflecting the same 1-for-4 consolidation ratio.

How will fractional ADS positions be handled for Wing Yip Food?

No fractional ADSs will be issued. Instead, fractional entitlements arising from the 1-for-4 ADS consolidation will be aggregated and sold by the depositary bank. Net cash proceeds, after fees, taxes, and expenses, will then be distributed to the relevant ADS holders.