Ping An Biomedical Announces 1-for-40 Reverse Stock Split

Ping An Biomedical Co., Ltd. (Nasdaq: PASW) announced a 1-for-40 reverse stock split of its class A and class B ordinary shares, effective October 23, 2026. Following the consolidation, the company expects to have approximately 2.8 million class A shares and 306,250 class B shares outstanding. The par value per share will increase from $0.0000625 to $0.0025.