Solowin announces 1-for-200 reverse share split

What happened

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.

Confirmed

Global impact / market context

A reverse split cuts the number of shares while raising the price of each share, which can help a low-priced stock meet listing standards. It does not change the company's underlying business, revenue, costs, or the total value investors hold.

Analyst inference

Solowin's Class A share count falls from 201.53 million to about 1 million, and its Class B count falls from 31.37 million to about 156,858. The company expects the Class A price to be roughly 200 times its pre-split level, though this is the company's own expectation.

Analyst inference

What to watch

1. Class A shares begin trading on a split-adjusted basis at the Nasdaq open on October 29, 2026, under the symbol "AXG" with a new CUSIP number, G82759112. Confirmed
2. The split reduces Class A shares from 201.53 million to about 1 million and Class B shares from 31.37 million to about 156,858, subject to adjustments for fractional shares. Confirmed
3. Watch whether the adjusted share price holds near the company's expected 200-times level after trading begins, since a reverse split can be followed by price swings as shareholders adjust their holdings. Analyst inference

Evidence

• seekingalpha.com