Singapore, Nov. 06, 2025 — iOThree Limited (Nasdaq: IOTR, the “Company”) announced today that both its shareholders and board of directors have given their approval for a one-for-ten reverse share split affecting the Company’s issued and unissued ordinary shares (referred to as “Ordinary Shares”), class A shares, and preferred shares. Starting November 10, 2025, the Company’s Ordinary Shares will begin trading on a split-adjusted basis, retaining the same ticker symbol “IOTR” but with a new CUSIP number, G4940T112, and an updated par value of $0.0625 per share.
Following the reverse share split, every ten outstanding Ordinary Shares will automatically merge and convert into one issued and outstanding Ordinary Share. Shareholders who hold their shares in brokerage accounts or “street name” will not be required to take any action. Shareholders possessing physical certificates for Ordinary Shares can expect to receive instructions from Broadridge Corporate Issuer Solutions, Inc., the Company’s transfer agent, detailing the process for exchanging their share certificates. All outstanding warrants for the purchase of the Company’s Ordinary Shares will be adjusted proportionately due to the reverse share split. No fractional shares will be issued; instead, any fractional shares resulting from the reverse share split will be rounded up to the nearest whole share.
The purpose of this reverse share split is to increase the per share trading price of the Ordinary Shares, thereby meeting the $1.00 minimum bid price requirement for continued listing on the NASDAQ Stock Market. Before the reverse share split, the Company had 7,333,257 Ordinary Shares and 18,316,743 class A shares issued and outstanding, with no preferred shares outstanding. After the reverse share split, the Company will have approximately 733,326 Ordinary Shares and 1,831,675 class A shares issued and outstanding, not including shares potentially issuable under outstanding warrants. The Company’s authorized share capital will consist of 70,000,000 authorized Ordinary Shares, 9,000,000 authorized class A shares, and 1,000,000 authorized preferred shares.
About iOThree Limited
iO3 is a premier provider of maritime digital technologies, offering a wide array of solutions and services designed to optimize vessel operations, enhance safety, and boost overall efficiency. Committed to driving digital innovation in the maritime industry, iO3 empowers shipowners to adapt to evolving market demands and harness the benefits of advanced technologies. For additional information, please visit www.io3.sg.
Safe Harbor Statement
This release contains certain forward-looking statements, as defined by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “believe,” “forecast,” “project,” “intend,” “expect,” “plan,” “should,” “would,” and similar expressions, along with all statements that are not historical facts, are intended to identify these forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties, and other factors, any of which could cause the Company to fall short of some or all of its goals or impact the Company’s previously reported actual results and performance (financial or operational), including those explicitly stated or implied by such forward-looking statements. More comprehensive information about the Company and the risk factors that might influence the realization of forward-looking statements is detailed in the Company’s filings with the Securities and Exchange Commission (the “SEC”), copies of which are available on the SEC’s website. The Company undertakes no, and expressly disclaims any, obligation to update the forward-looking statements provided in this press release, except as mandated by applicable law.
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