YDKG News & Events

Yueda Digital announced that on November 4, the company's board of directors approved a one-for-one hundred consolidation of the company's authorized and issued shares, to be effective for trading purposes at the open of business on November 14. The objective of the Reverse Share Split and Share Consolidation is to enable the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2), which pertains to the minimum bid price requirement, and maintain its listing on the Nasdaq Capital Market. Beginning with the opening of trading on November 14, the company's Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol "YDKG" but under a new CUSIP number, G0137L110.

Yueda Digital Holding announced that it has entered into a definitive agreement with certain investors for the purchase and sale of an aggregate of 28M units, consisting of one ordinary share of the company, par value $0.04 per share, and one warrant to purchase one Ordinary Share, at a purchase price of $1.00 per unit in a registered direct offering. Each of the Warrants will have an exercise price of $1.00 per Ordinary Share and be exercisable beginning on the date of the issuance date and ending on the six-month anniversary of the issuance date. The aggregate gross proceeds to the company of this offering are expected to be approximately $28M. The transaction is expected to close on or about October 16, subject to the satisfaction of customary closing conditions. Univest Securities is acting as sole placement agent for the offering.