Business Context and Reporting Period
This Form 6-K filing by Ridgetech Inc. (RDGT) is dated April 10, 2026. The report discloses the effective implementation of a 1-for-150 reverse share split, which became effective at 5:00 p.m. Eastern Time on April 7, 2026. The Company is a foreign private issuer headquartered in Hangzhou, China, with its shares trading on The Nasdaq Capital Market.
Key Financial Metrics
The filing text does not provide specific financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on corporate actions regarding share capital structure.
Material Changes Versus Prior Period
- Share Consolidation: A 1-for-150 reverse share split was executed. Every 150 old ordinary shares were combined into one new ordinary share.
- Outstanding Shares: The number of outstanding ordinary shares was reduced from 134,835,960 to approximately 898,918.
- Par Value Adjustment: The par value per ordinary share increased from US$0.001 to US$0.15.
- Authorized Capital: Authorized ordinary shares were reduced from 36,000,000,000 to 240,000,000. The total authorized share capital remained US$36,010,000.
- Trading Details: New ordinary shares began trading on April 8, 2026, under the symbol "RDGT" with a new CUSIP number (G2124G203).
- Fractional Shares: No fractional shares were issued; fractional entitlements were rounded up to the nearest whole share.
Guidance, Outlook, and Corporate Governance
The filing does not contain financial guidance, management commentary on future outlook, or specific risk factors beyond the standard disclosure of the share split mechanics. Key governance updates include:
- Articles of Association: The Company adopted and filed the Fifth Amended and Restated Memorandum and Articles of Association with the Registrar of Companies of the Cayman Islands to reflect the share consolidation.
- Equity Adjustments: Proportionate adjustments were made to the number of shares issuable upon exercise of outstanding warrants and equity-based awards, as well as their exercise prices. The number of shares reserved for issuance under equity incentive plans was also reduced.
- Registration Statements: Active registration statements on Form F-3 and Form S-8 were amended to reflect the reduced number of undistributed ordinary shares covered by these filings.
Investor Verification Checklist
- Verify the new CUSIP number (G2124G203) for trading purposes.
- Confirm the adjusted number of shares held in brokerage accounts, noting that fractional shares were rounded up.
- Review the impact of the reverse split on the exercise price and share count of any held warrants or stock options.
- Check the updated trading volume and price on The Nasdaq Capital Market post-split (April 8, 2026).
- Ensure the Fifth Amended and Restated Memorandum and Articles of Association are reflected in the company's official records.