SOLOWIN HOLDINGS (NASDAQ: AXG), a financial technology firm focused on traditional and digital assets, has announced a 1-for-200 reverse share split of its outstanding Class A and Class B ordinary shares. The company’s Class A shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market on Oct. 29, 2026, under the existing ticker symbol AXG and a new CUSIP number.
The reverse split will reduce outstanding Class A shares from approximately 201.5 million to 1.01 million and Class B shares from approximately 31.4 million to 156,858, subject to adjustments for fractional shares. The par value of both share classes will increase from $0.0001 to $0.02 per share. The reverse split was approved by the company’s board of directors on Oct. 2, 2026, and shareholders on Oct. 13, 2026. No fractional shares will be issued, with fractional interests rounded up to the nearest whole share.
The company expects the post-split trading price to initially reflect approximately 200 times the pre-split price but cautioned that the adjusted price may not be sustained. Shareholders holding shares electronically or through brokerage accounts will not need to take any action. To view the full press release, visit https://ibn.fm/1zK3Y.
The reverse split is a significant event for the company and its investors because it dramatically reduces the number of outstanding shares while increasing the per-share price. Such moves are often undertaken to meet Nasdaq’s minimum bid price requirement, which can help the company maintain its listing and avoid delisting. For SOLOWIN HOLDINGS, which describes itself as a leading global regulated fintech company established in 2016, maintaining a Nasdaq listing is crucial for accessing capital markets and supporting its dual-token digital economy platform.
The company combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform. Guided by the mission “Mobilizing Tokens 24/7,” AXG operates two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router. Through its integrated ecosystem, including AX COIN, AX ONE, FERION, SOLOMON, SCION, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy. For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com.
The latest news and updates relating to AXG are available in the company’s newsroom at https:/ibn.fm/AXG. The announcement was distributed through CryptoCurrencyWire, one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers access to a vast network of wire solutions via InvestorWire and editorial syndication to 5,000+ outlets.
