Press Releases July 14, 2026 07:35 PM

707 Cayman Holdings Effects a Share Consolidation on July 14, 2026

707 Cayman Holdings Executes 12-for-1 Share Consolidation to Maintain Nasdaq Listing

By Marcus Reed
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707 Cayman Holdings Limited, a Hong Kong-based apparel and supply chain solutions company, announced a 12-for-1 share consolidation effective July 14, 2026, to comply with Nasdaq listing rules. The consolidation reduces the number of outstanding shares, with trading continuing under the same ticker symbol JEM on the Nasdaq Capital Market.

707 Cayman Holdings Effects a Share Consolidation on July 14, 2026
JEM
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Key Points

  • The company consolidated shares at a 12-for-1 ratio to meet Nasdaq Marketplace Rule 5550(a)(2).
  • Post-consolidation, the number of Class A shares reduced from approximately 7.66 million to about 638,000.
  • Trading continues on Nasdaq under the same ticker symbol JEM, but with a new CUSIP identifier.

HONG KONG, July 14, 2026 (GLOBE NEWSWIRE) -- 707 Cayman Holdings Limited (“707” or the “Company”) (Nasdaq: JEM), a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions, today announced that the outstanding shares of the Company have been consolidated on a 12 for 1 ratio with the marketplace effective date of July 14, 2026.

The objective of the share consolidation is to ensure the Company’s ongoing compliance with Nasdaq Marketplace Rule 5550(a)(2) in order to maintain its listing on Nasdaq.

Beginning with the opening of trading on July 14, 2026, the Company’s Class A ordinary shares began trading on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol “JEM” but under a new CUSIP number, G8071C137.

As a result of the share consolidation, each 12 ordinary shares outstanding have been automatically combined and converted to one issued and outstanding ordinary share without any action on the part of the shareholders. The number of issued and outstanding ordinary shares of the Company has been correspondingly reduced from 7,660,968 Class A Ordinary Shares to approximately 638,414 Class A Ordinary Shares and 390,300 Class B Ordinary Shares to 32,535 Class B Ordinary Shares, subject to adjustment for rounding. No fractional shares will be issued to any shareholders in connection with the share consolidation, and each shareholder will be entitled to receive one share of the Company in lieu of the fractional share of that class that would have resulted from the share consolidation.

About 707 Cayman Holdings Limited

707 Cayman Holdings Limited is a Hong Kong-based company that sells quality apparel products and provides supply chain management total solutions to our customers spanning from Western Europe, North America to the Middle East. Our customers include mid-size brand owners and apparel companies that have comprehensive operations with private labels that are sold worldwide.

707 Cayman Holdings Limited Contact:

HBK Strategy Limited
[email protected]
+852 2156 0223 


Risks

  • Share consolidation often signals previous share price or market capitalization challenges, which may reflect underlying business or market conditions.
  • No fractional shares are issued; shareholders receive one share instead, which might lead to minor valuation adjustments.
  • As a company operating across multiple regions, geopolitical or supply chain disruptions could impact financial performance.

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