Mobile-health Network Solutions announces 1-for-5 reverse stock split

SINGAPORE - Mobile-health Network Solutions (NASDAQ:MNDR), an AI-powered digital healthcare platform provider, announced Tuesday a one-for-five reverse stock split of its Class A Ordinary Shares, effective September 25, 2025. The announcement comes as the stock has declined about 87% over the past year, though InvestingPro analysis suggests the company is currently undervalued.

The company’s common stock will continue trading under the symbol MNDR on the Nasdaq Capital Market on a split-adjusted basis when markets open on Thursday, with a new CUSIP number G62264 125.

The reverse split, approved by shareholders on September 11, will reduce MNDR’s outstanding shares from approximately 4.68 million to about 937,000. The number of authorized shares will decrease from 781.25 million to 156.25 million, while the par value per share will change from $0.000032 to $0.00016.

VStock Transfer will serve as the transfer agent for the reverse split, providing notice to stockholders of record and issuing post-split shares in book-entry form. Shareholders with certificated shares will receive instructions on surrendering certificates representing pre-split shares, while those owning shares in "street name" will have positions automatically adjusted.

"We are gratified to have completed this reverse stock split," said Co-CEO Dr. Siaw Tung Yeng in the press release. "Retaining our Nasdaq listing, we believe, will be a significant advantage in furthering our company’s strategic objectives going forward."

Mobile-health Network Solutions is headquartered in Singapore with operations across Southeast Asia and expanding into the US.

In other recent news, Mobile-health Network Solutions announced the launch of a $300 million At-the-Market (ATM) equity offering. The company plans to use the proceeds to enhance its AI-driven teleconsultation services and develop advanced large language models for medical case assessments. Additionally, Mobile-health Network Solutions has partnered with Ghana’s Jospong Group to introduce its AI-powered digital health platform in Ghana. This joint venture aims to leverage Jospong’s local market expertise and resources to establish a foothold in the region’s digital healthcare sector.

The company also updated its Insider Trading Policy, introducing a blackout period for directors and insiders two weeks before material announcements. This policy aims to strengthen internal controls on handling non-public information. In other developments, Mobile-health Network Solutions has filed materials for an upcoming extraordinary general meeting of shareholders, though specific details about the meeting’s agenda have not been disclosed. These recent developments highlight the company’s strategic initiatives and governance measures.

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