Nasdaq-listed 707 Cayman said the move is intended to maintain compliance with Nasdaq’s minimum bid-price rule, with JEM continuing to trade under the same ticker and a new CUSIP.
707 Cayman Holdings Limited said it will carry out a 12-for-1 share consolidation of its ordinary shares effective July 14, 2026, as it seeks to maintain compliance with Nasdaq Marketplace Rule 5550(a)(2) and preserve its Nasdaq listing. Trading in the company’s Class A ordinary shares is set to begin on a split-adjusted basis at the market open on July 14 under the unchanged ticker JEM and a new CUSIP number, G8071C137. Under the plan, every 12 outstanding ordinary shares will automatically convert into one ordinary share, reducing the company’s issued and outstanding shares from 8,063,808 to about 671,984, subject to rounding adjustments. No fractional shares will be issued, and shareholders will receive one share in lieu of any fractional share that would otherwise result. The board approved the move on June 6, 2026.