🧾 What This Document Is

This is a 6-K filing, which a foreign company like Ridgetech uses to announce a major, material event to the U.S. markets. Inside is a press release announcing a 1-for-150 reverse stock split. Think of it as a formal "news alert" sent directly to the SEC.

🏢 What The Company Does

👉 In simple terms, Ridgetech is a wholesale distributor of pharmaceutical and healthcare products in China. They sell through both their own online platform and popular nationwide distribution platforms.

🪓 The Big Split: Key Details

Ridgetech is executing a reverse share split. This is the opposite of a regular stock split, where you normally get more shares. Here, you get fewer shares, and the price per share adjusts upward proportionally.

• Ratio: 1-for-150. Every 150 old shares become 1 new share.
• Effective Date: Tuesday, April 7, 2026, at 5:00 p.m. ET.
• First Day of Trading: Wednesday, April 8, 2026, on a split-adjusted basis.
• Stock Symbol: Stays the same: RDGT on the Nasdaq Capital Market.
• New CUSIP: G2124G 203 (this is like a stock's new ID number after the split).

📉 The Share Count Math

This is the most dramatic part. As of April 2, 2026, the company had 134,835,960 shares outstanding. After the split, they expect to have approximately 898,906 shares.

👉 Why it matters: A massive reduction in share count typically aims to boost the stock's price per share, often to meet exchange listing requirements or attract different types of investors.

🔍 The Mechanics

• Ownership Percentage: Your slice of the company pie doesn't change. If you owned 1% before, you'll own ~1% after.
• Fractional Shares: No half-shares will be issued. If the split leaves you with a fraction, it will be rounded up to a whole share.
• Approval: This move was approved by both the Board of Directors and the shareholders.
• Legal Change: They will file updated corporate documents with the Cayman Islands Registrar.

⚖️ Big Picture: Strengths & Risks

• 👍 Potential Strength: A higher share price can make the stock look more "professional" and stable, potentially meeting Nasdaq's minimum price requirement and improving its market perception.
• ⚠️ Key Risk: Reverse splits are often seen as a red flag by investors, signaling a company's stock price has fallen too low. It doesn't change the underlying value or performance of the business itself.

🧠 The Analogy

Imagine owning 150 tiny slices of a pizza. The restaurant announces that to make handling easier, they will trade in all those 150 tiny slices for just 1 regular-sized slice. You now have one bigger piece instead of many small ones, but your total amount of pizza (your ownership) stays the same.

📇 Key Contacts & People

• Company Contact: Frank Zhao, Interim Chief Executive Officer and Chief Financial Officer, +86-571-88077108, [email protected]
• Investor Relations Contact: Tina Xiao, Ascent Investor Relations LLC, +1-646-932-7242, [email protected]

🧩 Final Takeaway

Ridgetech is executing a drastic 1-for-150 reverse split to consolidate its shares, primarily to increase its stock price. This is a cosmetic, structural change driven by market rules or perception, not an indicator of operational improvement. Investors should watch what happens to the share price after the split for clues about market sentiment.