Agape ATP Corp 8-K
Research Summary
AI-generated summary
Agape ATP Corp Announces 1-for-50 Reverse Stock Split
What Happened
- Agape ATP Corp (ATPC) filed an 8-K reporting it will effect a 1-for-50 reverse stock split of its common stock on February 9, 2026 (the "Reverse Stock Split"). The stock will begin trading on a split-adjusted basis on the Nasdaq Capital Market when the market opens on February 10, 2026.
- At the company’s January 30, 2026 annual meeting, shareholders approved an amendment to the Articles of Incorporation permitting one or more reverse splits of up to 1-for-5,000; the board selected a 1-for-50 split. The company also furnished a press release dated February 6, 2026 announcing the anticipated completion.
Key Details
- Reverse split ratio: 1-for-50 (effective Feb 9, 2026; trading adjusted Feb 10, 2026).
- New CUSIP after split: 008389306; trading symbol remains “ATPC.”
- No fractional shares will be issued; fractional interests will be rounded up to the nearest whole share.
- The authorized number of common shares will not change; the company will adjust outstanding equity awards and option exercise prices to reflect the split.
Why It Matters
- The reverse split will consolidate outstanding shares and proportionally increase the per-share price (total market value unchanged in theory). This is a corporate action that directly changes share count and per-share metrics investors use to value holdings.
- Investors should note the trading date change (Feb 10, 2026), the new CUSIP, and that option and award terms will be adjusted; these are administrative effects investors and option holders will see reflected on account statements and in outstanding awards documentation.
- The company’s press release about the Reverse Stock Split is included as Exhibit 99.1 to the 8-K.