TNL Mediagene implements 1-for-20 reverse stock split

TNL Mediagene (NASDAQ: TNMG) announced it will implement a 1-for-20 reverse stock split of its ordinary shares, effective when markets open on December 23, 2025. The Tokyo-based digital media company's shares will continue trading on The Nasdaq Capital Market under the ticker symbol "TNMG" with a new CUSIP number of G8924F121.

The share consolidation aims to increase the per-share trading price to regain compliance with Nasdaq's minimum bid price requirement of $1.00 per share for continued listing on The Nasdaq Capital Market. The company also stated the move is intended to attract institutional investors that require minimum share prices for investment.

TNL Mediagene shareholders approved a share consolidation ratio of up to 1-to-100 at the company's annual meeting on December 2, 2025, authorizing the board to determine the final ratio and execution date. The board approved the 1-for-20 ratio on December 9, 2025.

No fractional shares will be issued in the consolidation, with all fractional shares rounded up to the next whole share. The consolidation will affect all shareholders uniformly without altering percentage ownership interests, except for potential fractional interest adjustments.

Computershare will serve as transfer and exchange agent for the share consolidation. Registered shareholders do not need to take action to receive split-adjusted shares, while shareholders holding shares through brokers will have positions automatically adjusted.

TNL Mediagene was formed in May 2023 through the merger of Taiwan's The News Lens Co. and Japan's Mediagene Inc. The company operates digital media brands in Japanese, Chinese, and English, covering news, business, technology, and lifestyle content, with approximately 500 employees across Asia.

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