WF International Announces 10-for-1 Share Consolidation to Support Nasdaq Listing

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WF International Ltd. ( (WXM) ) has shared an announcement.

WF International Limited has approved a ten‑to‑one consolidation of its ordinary shares, reducing the count from 11,268,745 to about 1,126,875 and changing par value to $0.00001 per share. The move, cleared by shareholders on April 30, 2026, will take effect in Nasdaq trading on June 4, 2026, and is aimed at lifting the share price to help maintain the company’s Nasdaq listing status.

On May 29, 2026, the company also issued 1,020,408 unregistered ordinary shares, valued at US$500,000, to Ironnexus Limited as consideration for industry research, strategic advisory services and identification of acquisition targets. These shares, issued under a private placement exemption and subject to an 18‑month lock‑up, slightly increased outstanding equity ahead of the consolidation while signaling WF International’s intent to pursue growth and potential M&A in cross‑border supply chain solutions.