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Investing.com -- Springview Holdings Ltd (NASDAQ:SPHL) stock fell 6% in after-hours trading on Wednesday following the company’s announcement of a planned reverse stock split.
The Singapore-based property developer revealed that its board of directors approved a one-for-eight reverse split of its Class A ordinary shares on November 24, 2025. The company’s shares will begin trading on a post-split basis on December 2, 2025.
As part of the restructuring, the par value of Springview’s Class A ordinary shares will increase from US$0.0001 to US$0.0008. The reverse split will automatically combine every eight pre-split shares into one share, reducing the company’s outstanding Class A ordinary shares from 13,217,629 to approximately 1,652,204.
Springview indicated that the reverse split is intended to increase the market price per share of its Class A ordinary shares to maintain its listing on the Nasdaq Capital Market. The company’s Class B ordinary shares will not be affected by the reverse split.
The property designer and builder will continue trading under the symbol "SPHL" on Nasdaq, but with a new CUSIP number – G83761117. Shareholders who would be entitled to fractional shares as a result of the reverse split will have their holdings rounded up to the nearest whole share.
VStock Transfer, LLC will serve as the exchange agent for the transaction.
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