Company: FGI
Filing Date: 2025-07-29
Form Type: 8-K
Source: 0001628280-25-036293
Chunk: 1

Company: FGI Industries Ltd.
Filing Date: 2025-07-29
Form: 8-K
Item: Item 5.03
Chunk 1
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Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

On July 28, 2025, FGI Industries Ltd. (the “ Company”) filed an amendment (the “ Amendment”) to the Company’s Amended and Restated Memorandum and Articles of Association with the Registrar of Companies in the Cayman Islands to effect a 1-for-5 reverse share split (the “ Reverse Share Split”) of the Company’s ordinary shares, par value $0.0001 per share (“ Ordinary Shares”). Pursuant to the Amendment, effective as of 12:01 a. m., Eastern Time, on July 31, 2025 (the “ Effective Time”), every 5 Ordinary Shares issued and outstanding, including Ordinary Shares held by the Company as treasury shares, will be automatically combined into one Ordinary Share. As a result of the Reverse Share Split, the par value of the Company’s Ordinary Shares will go from $0.0001 per share to $0.0005 per share. As of April 24, 2025, the Company had 9,591,555 Ordinary Shares issued and outstanding. The Company’s shareholders of record will receive a cash payment (without interest) in lieu of any fractional shares they would have otherwise been entitled to receive in the Reverse Share Split.

The Ordinary Shares are expected to begin trading on The Nasdaq Capital Market on a split-adjusted basis at the opening of trading on July 31, 2025. The Common Stock will continue trading on The Nasdaq Capital Market under the symbol “ FGI” with a new CUSIP number (G3302D202). The Company’s publicly traded warrants will continue to be traded on The Nasdaq Capital Market under the symbol “ FGIWW” and the CUSIP number for the public warrants will remain unchanged. However, under the terms of the applicable warrant agreement the number of Ordinary Shares issuable on exercise of each warrant will be proportionately decreased. Specifically, following effectiveness of the Reverse Share Split, every 5 Ordinary Shares that may be purchased pursuant to the exercise of the warrants will represent one Ordinary Share that may be purchased pursuant to such warrants. Accordingly, for the Company’s warrants trading under the symbol “ FGIWW”, every 5 warrants will be exercisable for one Ordinary Share at an exercise price of $30.00 per Ordinary Share.

As of the Effective Time, the number of Ordinary Shares available for issuance under the Company’s equity incentive plans and issuable pursuant to equity