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AI compiled from Infoway · 3 analyzed stories

Solowin announces 1-for-200 reverse share split

Solowin Holdings announced a 1-for-200 reverse share split of its Class A and Class B ordinary shares. Class A shares will trade split-adjusted on Nasdaq under the symbol "AXG" starting October 29, 2026, with a new par value of $0.02 per share.

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What happened

Solowin Holdings announced a 1-for-200 reverse share split covering its Class A and Class B ordinary shares. Its Class A shares will trade split-adjusted on Nasdaq under the symbol "AXG" starting October 29, 2026, with a new par value of $0.02 per share. The stock traded near 4 cents on Tuesday amid heavy volume.

Global impact / market context

A reverse split combines old shares into fewer new ones, so each new share represents 200 old shares. This raises the per-share price but does not by itself make the company worth more. For ordinary investors, the share count changes while overall value is not automatically improved.

What to watch

  1. The first day of split-adjusted trading on October 29, 2026, under the symbol "AXG", because that is when the share count and symbol officially change.
  2. The new par value of $0.02 per share, because it is part of the announced split terms and shows how share accounting is reset.
  3. Trading volume, which was near 300 million shares, because heavy trading can make price moves more volatile as the split takes effect.

Affected assets

  • Solowin Holdings Class A ordinary shares

Evidence