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WCTBullishCorporate Developmentsnews

High materiality7/10

Wellchange Announces 1-for-400 Split, Major Voting Power Expansion

Jun 11, 2026, 12:36 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

The 19% intraday rise and plan to lift the bid price reduce listing risk and may attract technical buyers; reverse splits often reset price levels to attract index and institutional interest, though they can portend dilution and volatility if overly dilutive or uncertain.

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Wellchange Holdings proposed a 1-for-400 reverse stock split, a substantial boost to Class B voting rights, plus par-value reduction and capital expansion. The changes aim to lift the stock price to meet Nasdaq minimum bid requirements and facilitate future financings. Proxy materials are due June 16, with July 6 shareholder meetings scheduled in Hong Kong.

WCT proposes a 1-for-400 reverse stock split to lift price.
Class B voting rights rise from 35 to 100 votes per share.
Par value cut to $0.000005; authorized capital to $50,000 with 9.9B Class A, 100M Class B.
Proxy materials due June 16; shareholder meetings July 6 in Kowloon, HK.
WCT shares rose 19.15% to $2.02 on the news.

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