Ridgetech Inc. reduced ordinary-share Par Value from US$0.15 to US$0.0001 and subdivided each authorized but unissued ordinary share into 1,500 shares. For investors, the change resets the authorized share structure to 360,000,000,000 ordinary shares while keeping authorized Capital at US$36,010,000.

Key Highlights

  • The capital reduction and share subdivision became effective on September 2.
  • Ridgetech’s authorized Share Capital remains US$36,010,000 after the capital reduction and share subdivision.
  • The registered minute lists 3,629,540 issued and fully paid ordinary shares.

The changes became effective on September 2 after Shareholder approval on August 25 and registration confirmation from the Cayman Islands Registrar of Companies on September 7.

New Ordinary-Share Structure Takes Effect

The post-capital-reduction and share-subdivision authorized capital consists of 360,000,000,000 ordinary shares at US$0.0001 each and 10,000,000 Preferred Shares at US$0.001 each. Ridgetech Inc. (NASDAQ: RDGT)’s constitutional documents remain in effect, with the capital-reduction certificate appended to reflect the changes. The registered minute describes the prior ordinary-share structure as 240,000,000 shares at US$0.15 each. It also lists 3,629,540 ordinary shares (3.63 million) as issued and fully paid at registration.

Authorized Capital Holds at US$36,010,000

Authorized share capital remains US$36,010,000 before and after the capital reduction and share subdivision, while the ordinary-share count and par value change. The post-reduction description identifies 100,000 preferred shares as issued and designated Series A Preferred Shares. The registered minute separately describes 2,000,000 preferred shares as designated Series A Preferred Shares, while also listing 100,000 Series A Preferred Shares as issued and fully paid.