Garden Stage to implement 1-for-200 share consolidation to meet Nasdaq rule

Garden Stage Limited (GSIW) will implement a 1-for-200 share consolidation effective March 6 to comply with Nasdaq rule 5550(a)(2) and maintain its listing. The consolidation will convert 200 Class A shares into one Class A share, with fractional shares cancelled. Post-consolidation, approximately 1,412,428 Class A shares will be outstanding, while Class B shares remain unchanged at 9,250,000. GSIW shares fell 36.88% premarket to $0.0568.