WORK Medical Technology Group LTD (NASDAQ:WOK), a prominent player in the medical technology sector, executed a reverse stock split on October 21, 2025, at a ratio of 100 for 1. This decision was aimed at complying with Nasdaq Marketplace Rule 5550(a)(2), which mandates a minimum bid price per share. The reverse stock split consolidated every 100 shares of WOK into one share, a move endorsed by the company's shareholders and board of directors. Despite the consolidation, the Class A ordinary shares continued to trade on the Nasdaq Capital Market under the same symbol, albeit with a new CUSIP number, G9767H117.
Following the reverse stock split, WOK's stock price surged to $4.02, marking a significant increase of 12.05%, or $0.43. The stock has experienced fluctuations, ranging from a low of $3.50 to a high of $4.10 on the day of reporting. The company's market capitalization stands at approximately $229.3 million, with a trading volume of 197,832 shares. The reverse stock split represents a strategic initiative to stabilize the stock price and secure its listing on the Nasdaq, thereby bolstering investor confidence and ensuring a sustained market presence.
