Springview Holdings Implements 1‑for‑8 Reverse Share Split to Preserve Nasdaq Listing

SPHL
November 27, 2025

Springview Holdings Ltd (NASDAQ: SPHL) completed a 1‑for‑8 reverse share split that became effective on December 2, 2025. The board approved the split on November 24, 2025, and the action will consolidate every eight pre‑split shares into one post‑split share, reducing the total number of outstanding Class A ordinary shares from 13,217,629 to 1,652,204. The par value per share will increase from US$0.0001 to US$0.0008.

The reverse split was undertaken to lift the share price above Nasdaq’s minimum bid‑price requirement of US$1.00 and to avoid a delisting. Nasdaq issued a compliance notice on April 25, 2025, and a Staff Delisting Determination on October 24, 2025, with a trading suspension scheduled for November 4. The split is a direct response to that notice and is intended to preserve the company’s public listing status on the Nasdaq Capital Market.

The transaction will be reflected under a new CUSIP number, G83761117, while the company will continue to trade under the symbol “SPHL.” No fractional shares will be issued; holders of fractional shares will receive the nearest whole share, rounded up to the next whole number.

Springview Holdings is a Singapore‑based designer and builder of residential and commercial properties. The company’s financial health has been described as weak, with negative operating margins and declining revenue per share. Its market capitalization is roughly US$9.8 million, and its 52‑week trading range has spanned US$0.35 to US$7.80, reflecting a nearly 93% decline year‑to‑date. A Z‑Score in the grey area of financial distress and a Beneish M‑Score suggesting possible financial manipulation further underscore the company’s precarious position.

The reverse split is a reactive measure rather than a strategic growth initiative. While it will increase the share price and preserve Nasdaq listing, it does not address the underlying issues of weak earnings, margin compression, and declining demand. Share liquidity and price dynamics will be affected, but the company’s fundamental challenges remain unchanged.

Market reaction to the announcement was mixed. Some analysts noted a slight improvement in sentiment, while others expressed concern about the company’s ongoing financial difficulties. The split’s primary effect is to maintain listing compliance, but it does not alter the broader outlook for Springview Holdings’ business performance.

The reverse split preserves the company’s Nasdaq presence but highlights the need for Springview Holdings to strengthen its financial fundamentals and address the drivers of its low share price. Investors will likely continue to monitor the company’s earnings, margin trends, and any future strategic initiatives that could improve its long‑term viability.

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