24/7 Market News Snapshot 16 October, 2025 – WORK Medical Technology Group LTD Class A Ordinary Shares (NASDAQ:WOK)
DENVER, Colo., 16 October, 2025 (www.247marketnews.com) – (NASDAQ:WOK) are discussed in this article.
WORK Medical Technology Group LTD has experienced a challenging trading environment, with its Class A ordinary shares (WOK) opening at $0.06 and currently trading down to $0.043, reflecting a significant decline of approximately 26.17%. The increased trading volume of 44.16 million shares underscores heightened market activity, often indicative of potential price volatility. Investors are advised to keep an eye on support levels around $0.04, as these could signal the possibility of a rebound. However, the prevailing bearish momentum may entice further selling, making it crucial to identify resistance levels for any recovery efforts. Technical analysis suggests a cautious approach, as the stock encounters ongoing market pressures.
In a strategic move to bolster its market position, WORK Medical has announced a reverse stock split of its Class A ordinary shares at a ratio of 1-for-100. This decision aims to ensure compliance with Nasdaq’s Marketplace Rule 5550(a)(2), which requires maintaining a minimum bid price per share. Effective October 21, 2025, the shares will trade on a post-split basis under the same ticker symbol, “WOK.” As a result, the total outstanding Class A ordinary shares will diminish from approximately 96 million to around 960,000, with a similar adjustment to the Class B shares, reducing their count from about 7.59 million to approximately 76,000.
Approved by shareholders and the board of directors, this reverse stock split is critical for maintaining WORK Medical’s listing on the Nasdaq Capital Market, setting the stage for future growth. The Company, known for its extensive range of medical devices, including customizable consumables and multifunctional masks, serves over 30 countries, supported by its commitment to meeting stringent quality standards and obtaining necessary manufacturing certifications. This initiative underscores WORK Medical’s dedication to strengthening operational stability and enhancing value for its shareholders.