Chanson International implements 80-for-1 share consolidation
Chanson International Holding (NASDAQ: CHSN) announced its board of directors approved an 80-for-1 share consolidation effective August 18, 2025. The bakery and beverage chain operator said the consolidation aims to regain compliance with Nasdaq Marketplace Rule 5550(a)(2) and maintain its listing.
Under the consolidation, every 80 ordinary shares will automatically combine into one share without shareholder action required. The company's shares will continue trading on the Nasdaq Capital Market under the same "CHSN" symbol but with a new CUSIP number G2104U206.
The consolidation will change the company's authorized share capital structure. Class A ordinary shares will be reduced from 4.4 billion shares at $0.001 par value to 55 million shares at $0.08 par value. Class B ordinary shares will decrease from 600 million shares at $0.001 par value to 7.5 million shares at $0.08 par value. Total authorized share capital remains at $5 million.
Outstanding Class A shares will drop from approximately 85.9 million to roughly 1.07 million shares. Outstanding Class B shares will fall from 5.67 million to about 70,875 shares. No fractional shares will be issued, with shareholders receiving one whole share in lieu of any fractional portion.
Chanson operates bakery and beverage stores in China and the United States. The company manages 60 stores in China and three stores in New York City, offering packaged bakery products, made-in-store pastries, and beverages through physical locations and digital platforms.
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