RDGT Stock More Than Doubles Ahead Of Reverse Split As Turnaround Strategy Takes Center Stage

• Ridgetech’s reverse split takes effect Tuesday after market close.
• As of April 2, the company had around 134.8 million shares, which will drop to about 898,906 post-split.
• The company’s 2026 growth plan targets blending supply chain strength with digital expansion.

Ridgetech, Inc. (RDGT) stock is drawing attention on Tuesday as its reverse stock split comes into effect at 5 p.m., after market close.

The China-based healthcare products distributor is preparing to consolidate its share structure as part of a move to reshape its market profile while maintaining its listing on the Nasdaq Capital Market.

Reverse Split And Impact On Share Count 

Under the plan, every 150 existing shares will be combined into a single share, increasing the par value proportionally. 

The company currently has more than 134 million shares outstanding, and after the consolidation, that total is expected to shrink to fewer than one million shares. Ridgetech also stated it will not issue fractional shares; instead, any partial holdings will be rounded up to the nearest whole unit.

Ridgetech stock traded over 109% by Tuesday mid-morning. On Stocktwits, retail sentiment around the stock flipped to ‘bullish’ from ‘neutral’ territory the previous day. Message volume shifted to ‘extremely high’ from ‘high’ levels in 24 hours. 

Strengthening Core Operations

In March, Ridgetech outlined an ambitious 2026 roadmap to accelerate growth by integrating its physical distribution network with digital capabilities across China’s healthcare supply chain.

The company said it will pursue a dual-engine strategy focused on integrating supply chain operations while expanding its online platform and franchise ecosystem to unlock new efficiencies and revenue streams. 

"In recent years, as demographic trends, policy orientation, and emerging technologies continue to reshape China's pharmaceutical and healthcare industry, the sector has entered a critical phase of profound transformation and accelerated restructuring.”

-Frank Zhao, Interim CEO and CFO, Ridgetech

RDGT stock has declined by over 98% year-to-date. 

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