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SHENZHEN, China - Jayud Global Logistics Limited (NASDAQ:JYD) will implement a 1-for-50 reverse share split of its ordinary shares effective October 13, 2025, the company announced Friday. The announcement comes as the stock trades near $0.15, down about 95% year-to-date, according to InvestingPro data.
The Shenzhen-based cross-border logistics provider’s board approved the reverse split on September 9, along with an increase in authorized share capital. The company will continue trading under the "JYD" ticker symbol, but with a new CUSIP number: G5084H111. InvestingPro analysis shows the company maintains a healthy balance sheet with more cash than debt, though it faces profitability challenges with negative gross margins.
Following the split, Jayud’s authorized share capital will change to $2,500,000 divided into 500,000,000 shares with a par value of $0.005 each. This will include 480,000,000 Class A ordinary shares and 20,000,000 Class B ordinary shares.
Currently, Jayud has 136,693,439 ordinary shares outstanding, consisting of 131,283,839 Class A shares and 5,409,600 Class B shares. After the reverse split takes effect, the company will have approximately 2,733,869 total shares outstanding, with 2,625,677 Class A shares and 108,192 Class B shares.
Jayud Global Logistics describes itself as a Shenzhen-based end-to-end supply chain solution provider specializing in cross-border logistics services. The company operates logistics facilities across major transportation hubs in China and globally, with operations in 12 Chinese provinces and 16 countries across six continents.
The company’s announcement was made through a press release statement.
In other recent news, Jayud Global Logistics Ltd has successfully completed a share offering, raising $6 million in gross proceeds. The company issued 42,857,143 Class A ordinary shares to accredited investors at a price of $0.14 per share. This transaction was conducted under Jayud Global Logistics’ existing shelf registration statement, which received approval from the U.S. Securities and Exchange Commission in July 2024. The company plans to utilize the funds for general corporate purposes, repaying certain loans, and supporting the registration and operation of its overseas business entities, branches, and offices. These developments are part of Jayud Global Logistics’ ongoing financial strategies.
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