WiMi Hologram Cloud Inc
For the period ended Apr 4, 2025. Filed Apr 4, 2025.
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Apr 4, 2025 · Filed Apr 4, 2025
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WIMI$0.48+0.4%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · Rationale for the Reverse Share Split
Rationale for the Reverse Share Split
The Company’s Board of Directors has authorized the reverse share split for the following strategic purposes:
| ● | To augment the per-share trading price of WiMi’s Class B ordinary shares after the ADS exchange which became effective on April 3, 2025. |
| ● | To enhance the attractiveness of WiMi’s Class B ordinary shares to a broader spectrum of investors. |
| ● | To facilitate the Company’s adherence to the Nasdaq minimum bid price requirement. |
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