FITNESS CHAMPS DL-,000075

The board of directors of Fitness Champs Holdings has approved a 1-for-30 reverse split, effective May 4, 2026, on Nasdaq to meet the $1.00 per share minimum listing requirement under Nasdaq Rule 5550(a)(2). The consolidation will reduce the number of outstanding Class A shares from 36,950,899 to approximately 1,231,697 and Class B shares proportionally; fractional shares will be converted into whole shares. The company provides swim instruction in Singapore and, according to data, has a small market capitalization, high debt and negative cash flow. » Więcej na de.investing.com

Fitness Champs Holdings is offering 3,225,000 units at $1.55 per unit to raise gross proceeds of about $5 million before fees. Each unit consists of a Class A common share or a pre-funded warrant and a warrant with an exercise price of $2.635, exercisable for six months from issuance. The closing is expected on or about April 20, 2026; Univest Securities is acting as sole placement agent. Net proceeds are intended for business expansion, general working capital and other corporate purposes; the company’s stock currently has a small market capitalization of $1.76 million. » Więcej na de.investing.com