Bit Origin implements 1-for-5 reverse stock split
Bit Origin Ltd announced on Thursday a 1-for-5 reverse stock split of its Class A and Class B ordinary shares. Effective from August 21, 2026, the reverse split will be reflected on the Nasdaq Capital Market using the same BTOG ticker symbol. The CUSIP number will change to G21621209. Post-split, each five Class A shares will merge into one, reducing the share count from 3,999,568 to about 799,914.
Similarly, Class B shares will drop from 105,211 to approximately 21,043. Chairman and CEO Jinghai Jiang stated the move aims to comply with Nasdaq's minimum bid price requirement. The reverse split also entails a reduction in authorized shares and a new par value of $0.0003 per share. All securities entitling holders to ordinary shares will be adjusted accordingly.
No fractional shares will result from the split, with shareholders receiving one full share instead.
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