WideSource (CNF.US) completes reverse stock split to comply with NYSE minimum stock price requirement

CNF.US has issued a statement, stating that according to a regulatory confirmation letter received by the company on September 30, 2025, it has requalified for the minimum stock price requirement of the New York Stock Exchange listing standards. It is reported that on April 7, 2025, the company violated the "Price Standard" provision of Section 802.01C of the New York Stock Exchange Listing Company Handbook due to its stock price being below $1 for 30 consecutive trading days. According to the regulations, the company was given a remediation period until the next annual shareholder meeting or six months after receiving notice (whichever is later) to bring the stock price back up to above $1. In order to increase the stock price, the company completed a ratio adjustment of American Depositary Receipts (ADRs) on September 5, 2025, implementing a 1:10 reverse stock split. Monitoring data of the 30-day average stock price as of September 30, 2025, showed that the company's stock price has stabilised above the minimum $1 requirement, officially ending its non-compliance status.