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SINGAPORE - Springview Holdings Ltd (NASDAQ:SPHL), a Singapore-based designer and builder of residential and commercial properties, announced Monday that its board of directors has approved a one-for-eight reverse split of its Class A ordinary shares. The company’s stock, currently trading at $0.46, has experienced significant volatility with a 52-week range of $0.35-$7.80, according to InvestingPro data.
The reverse split will take effect on December 2, 2025, with the company’s Class A shares continuing to trade on the Nasdaq Capital Market under the same symbol but with a new CUSIP number.
As a result of the split, Springview’s outstanding Class A ordinary shares will be reduced from approximately 13.2 million to 1.65 million shares. The par value of each share will change from $0.0001 to $0.0008. The company’s Class B ordinary shares will not be affected by the reverse split.
According to the press release statement, the reverse share split is intended to increase the market price per share to maintain the company’s Nasdaq listing. This move comes as Springview has seen its stock price decline by nearly 93% year-to-date, with its market capitalization currently standing at just $9.82 million. InvestingPro analysis indicates the stock is trading near its Fair Value, though the company’s overall financial health is rated as weak.
No fractional shares will be issued as a result of the reverse split. Shareholders who would be entitled to a fractional share will have their holdings rounded up to the nearest whole share.
Springview Holdings, which has been operating since 2002, specializes in new construction, reconstruction, additions and alterations, and general contracting services in Singapore. The company provides design, construction, furniture customization, and project management services, along with post-project maintenance. Despite challenging market conditions, Springview maintains a strong liquidity position with a current ratio of 3.29 and more cash than debt on its balance sheet, though it struggles with weak gross profit margins of just 5.33% and was not profitable over the last twelve months.
VStock Transfer, LLC will act as the exchange agent for the reverse split, handling adjustments to physical stock certificates upon surrender. Investors looking for deeper insights into Springview’s financial health and valuation can access additional metrics and 10+ exclusive ProTips through InvestingPro.
In other recent news, Springview Holdings Ltd is facing a potential delisting from the Nasdaq Stock Market due to non-compliance with the minimum bid price requirement. The company’s Class A ordinary shares have been trading below the $1.00 per share threshold for an extended period, prompting a Staff Delisting Determination from Nasdaq. Springview Holdings was initially notified on April 25 that it had 180 days to regain compliance, a period that ended on October 22. Despite this grace period, the company failed to meet the necessary criteria, leading to the impending suspension of its shares from trading on Nasdaq starting November 4, 2025. This development was disclosed in a recent SEC filing and confirmed by a company press release. The delisting determination underscores the challenges Springview Holdings faces in maintaining its listing status on a major stock exchange.
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