AIFU Implements 1-for-20 Reverse Stock Split Effective June 16
AIFU Inc. will execute a 1-for-20 reverse stock split, effective June 16, following shareholder approval on April 29. This consolidation reduces the number of outstanding shares to 6,175,706, which could impact share price and trading volume.
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AIFU Inc. (NASDAQ:AIFU) will implement a reverse stock split at a ratio of 1-for-20, effective June 16. Shareholder approval was granted during a special meeting on April 29, and the board of directors has authorized the move.
Post-split, each 20 shares of Class A and Class B, valued at $0.0001 each, will convert into one share valued at $0.002. Fractional shares will not be issued; any resulting fractions will be rounded to the nearest whole share.
The total outstanding shares will be reduced to 6,175,706, consisting of 5,925,706 Class A shares and 250,000 Class B shares, with a new CUSIP of G3314G128. Meanwhile, ON Semiconductor has launched the Elite Pairing Studio to aid engineers in selecting silicon carbide MOSFETs and gate drivers.
This tool supports power electronics applications, including those in AI data centers and electric vehicles. Mizuho has raised its price target for ON Semiconductor to $150, maintaining an Outperform rating due to rising demand for AI servers.
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