ICZOOM Group Executes 5-for-1 Share Consolidation on Nasdaq, October 12 Compliance Deadline Looming

ICZOOM Group Inc. (Nasdaq: IZM) opened trading on September 15, 2026 on a split-adjusted basis — the company's 5-for-1 share consolidation is now in effect on the Nasdaq Capital Market.

Per the company's September 11, 2026 SEC Form 6-K, the consolidation reduces Class A ordinary shares from 8,188,610 to approximately 1,637,722, and Class B ordinary shares from 3,829,500 to approximately 765,900, subject to rounding adjustments. The ticker stays "IZM"; the CUSIP changes to G4760B118. No fractional shares will be issued — shareholders entitled to a fraction receive one whole share of the applicable class instead.

The board approved the consolidation on July 27, 2026. The September 11 announcement set September 15 as the marketplace effective date.

The reason is not subtle. On April 13, 2026, Nasdaq notified ICZOOM that its Class A ordinary shares had traded below $1.00 for 30 consecutive business days, triggering a violation of Nasdaq Marketplace Rule 5550(a)(2) — the minimum bid price requirement. Nasdaq gave the company 180 calendar days, until October 12, 2026, to get the closing bid price back above $1.00 for ten consecutive business days. A further 180-day extension is possible if the company meets other listing standards at that point.

The consolidation is the company's direct response to that deadline. The October 12, 2026 cure date is stated in the company's September 11, 2026 SEC Form 6-K.

ICZOOM operates a B2B e-commerce platform for electronic component products, serving customers in Hong Kong and mainland China. Its customer base spans small and medium-sized enterprises across consumer electronics, Internet of Things, automotive electronics, and industrial control segments. The platform also handles warehousing, logistics, shipping, and customs clearance services, per the company's September 11, 2026 SEC Form 6-K filing.

No executive quote was included in the September 11 press release or the accompanying SEC filing.

What comes next: the ten-consecutive-business-day clock for bid price compliance must conclude before October 12, 2026. If it does not, ICZOOM's path to continued listing depends on qualifying for the additional 180-day extension. The company has not disclosed its current bid price or cash position in the materials available from this filing.