Ridgetech, Inc. Announces 1-for-150 Reverse Share Split

Ridgetech, Inc. announced a 1-for-150 reverse share split for its ordinary shares, effective April 7, 2026. This action will reduce the number of outstanding shares from approximately 134.8 million to about 898,906. Each 150 shares will be converted into one share, with fractional shares rounded up. The reverse split, approved by the board and shareholders, aims to adjust the share structure. Ridgetech, a pharmaceutical and healthcare product distributor in China, will continue trading on the Nasdaq Capital Market under the symbol "RDGT". The company also filed an amendment to its memorandum and articles of association.