Sky Century Investment, Inc. 8-K
Research Summary
AI-generated summary
Sky Century Investment Announces 1-for-100 Reverse Stock Split
What Happened Sky Century Investment, Inc. announced a 1-for-100 reverse stock split that became effective January 30, 2026. The Board approved and filed a Certificate of Amendment with the Nevada Secretary of State on May 5, 2025; FINRA noted the reverse split on its Daily List on January 29, 2026. No action is required by shareholders for the split.
Key Details
- Reverse split ratio: 1-for-100 (every 100 pre-split shares were combined into 1 post-split share).
- Effective/record date: January 30, 2026.
- Post-split shares outstanding: 2,235,486 shares of common stock. (Implies ~223,548,600 pre-split shares.)
- No fractional shares were issued; new CUSIP for common stock: 83084W203.
Why It Matters A reverse stock split reduces the number of shares outstanding and proportionally increases the per-share price; shareholders’ percentage ownership should remain the same and no exchange action is required. Investors should verify their updated holdings and CUSIP with their brokerage accounts and note the company’s new share count for valuation and voting calculations.