X3 Holdings Co., Ltd. (NASDAQ: XTKG) announced that its board approved a 30‑to‑1 share consolidation of its Class A ordinary shares. The approval was granted on February 10, 2026, and the announcement was made on February 26, 2026. The consolidation will reduce the number of outstanding Class A shares from 54,238,270 to approximately 1,807,943 and increase the par value from $0.00003 to $0.0009 per share. Consolidated shares are expected to begin trading on a post‑consolidation basis on March 5, 2026, and will continue to trade under the ticker XTKG on the Nasdaq Capital Market.
The move follows a 1‑for‑6 reverse stock split that took effect on December 30, 2025, and a Nasdaq delisting notice issued on February 10, 2026. Nasdaq requires a minimum bid price of $1.00 per share for continued listing; the consolidation is intended to raise the per‑share trading level above that threshold and avoid a delisting action.
X3 Holdings has been operating in a challenging financial environment. Revenue has declined by 87.5% over the past three years, and both operating and net margins are negative, at –134.38% and –855.45% respectively. The company’s market capitalization is only a few million dollars, and its 52‑week low sits near $0.0451, underscoring the precarious nature of its financial position.
The company’s revenue streams are concentrated in application development services for the Chinese market, with operations spanning digital technologies, cryptomining, renewable energy, and agriculture technologies. No detailed segment‑level financials are available, but the overall weak performance suggests that none of these areas are generating sufficient profitability to offset the company’s losses.
Investors have reacted with caution to the consolidation. The announcement was met with a negative market response, reflecting concerns that a reverse split is a cosmetic measure that does not resolve the underlying financial distress. The consolidation is a short‑term compliance tactic, and without substantive improvements in revenue growth or profitability, the company remains at risk of future Nasdaq delisting.
Management has not issued new guidance beyond the consolidation plan, and no statements were provided regarding strategic initiatives to reverse the company’s financial trajectory. The lack of forward‑looking commentary highlights the uncertainty surrounding X3 Holdings’ ability to regain a sustainable share price and achieve long‑term operational turnaround.
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