ENTREPRENEUR UNIVERSE BRIGHT GROUP 8-K
Research Summary
AI-generated summary
Entrepreneur Universe Bright Group Announces 1-for-10 Reverse Stock Split
What Happened
- Entrepreneur Universe Bright Group (EUBG) announced a 1-for-10 reverse stock split of its common stock. The Board filed a Certificate of Change with the Nevada Secretary of State on February 19, 2026; the split becomes effective at 5:00 a.m. ET on February 25, 2026. The Company’s common stock will trade on the OTCQB on a split-adjusted basis starting February 25, 2026 under the temporary symbol “EUBGD” (reverting to “EUBG” after 20 business days). The new CUSIP will be 29385N202.
Key Details
- Reverse split ratio: 1-for-10, effective 5:00 a.m. ET on Feb 25, 2026.
- Pre-split issued & outstanding common shares: 1,701,181,423; expected post-split issued & outstanding: ~170,118,143 (subject to rounding).
- Authorized common shares will change from 1,800,000,000 to 180,000,000; par value adjusted proportionally. Preferred stock authorization and status unchanged (no preferred issued).
- Fractional-share treatment: resulting shares will be rounded up to whole shares so no fractional shares will be issued; rounding will be handled at the participant (broker/transfer agent) level. Brokerage account holders need take no action; holders of paper certificates may submit them to the transfer agent for replacement certificates.
Why It Matters
- The reverse split is intended to increase the per-share bid price and simplify the Company’s capital structure. For investors, the split does not change each holder’s proportional ownership or voting power (aside from minor adjustments from rounding). Trading, ticker and CUSIP changes may temporarily affect liquidity and how the shares appear in brokerage accounts, but the company filed the required Nevada paperwork and no stockholder vote was required.