Business Context and Reporting Period
This Form 6-K filing by Yueda Digital Holding (formerly AirNet Technology Inc.) covers the month of November 2025. The report details a corporate action approved by shareholders on September 3, 2025, and finalized by the Board of Directors on November 4, 2025.
Key Financial Metrics
The filing does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on capital structure adjustments.
Material Changes
The primary material change is the implementation of a Reverse Share Split and Share Consolidation at a ratio of 1:100, effective November 14, 2025. Key structural changes include:
- Share Capital Adjustment: Authorized capital remains at US$40,000,000, but the number of shares is reduced significantly.
- Class A Ordinary Shares: Reduced from 900,000,000 shares (par value US$0.04) to 9,000,000 shares (par value US$4.00).
- Class B Ordinary Shares: Reduced from 100,000,000 shares (par value US$0.04) to 1,000,000 shares (par value US$4.00).
- Trading Details: Class A shares will continue to trade under the symbol "YDKG" on The Nasdaq Capital Market but will utilize a new CUSIP number (G0137L110) effective November 14, 2025.
- Ownership Impact: Shareholder percentage ownership and voting power remain unchanged, except for adjustments due to the rounding up of fractional shares.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future financial guidance, operational outlook, or specific risk factors beyond the mechanics of the share consolidation. No unusual items or contingencies are disclosed in this text.
Investor Verification Checklist
- Verify the effective date of the 1:100 reverse split (November 14, 2025) and the start of split-adjusted trading.
- Confirm the new CUSIP number (G0137L110) for Class A shares to ensure proper account updates.
- Review the specific treatment of fractional shares as disclosed in the accompanying press release (Exhibit 99.1).
- Monitor the post-split trading volume and price stability on The Nasdaq Capital Market.