Ucommune International Enacts 1-for-10 Reverse Share Split Ahead of April 30 Nasdaq Trading
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Ucommune International Limited, a Beijing-based flexible office provider listed on Nasdaq under the symbol "UK," will enact a 1-for-10 reverse share split effective April 29, 2026. This decision, approved by shareholders, aims to reduce outstanding shares from approximately 6.78 million to about 678,000, supporting compliance with Nasdaq requirements. The Class A shares will continue trading under the "UK" symbol, adopting a new CUSIP number. No fractional shares will be issued; holders will receive one full share instead. The company focuses on shared workspaces for SMEs and corporate clients in China.
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