Highlights

  • Republic Power Group's 1-for-16 reverse split took effect on 25 September 2026, cutting Class A shares to about 1.04 million.
  • The company raised net proceeds of about US$14.6 million from a 15 million-share offering closed on 4 August 2026.
  • It paid a one-time US$250,000 fee to end an investor's right to enter new financing documents, effective 2 October 2026.
  • Revenue for the six months ended 31 December 2025 rose to S$2.17 million from S$0.49 million a year earlier.

Republic Power Group Limited (NASDAQ:RPGL) has carried out its second share consolidation in four months, with a 1-for-16 reverse split of its Class A and Class B ordinary shares taking effect at the open of the Nasdaq Capital Market on 25 September 2026.

The Singapore-based enterprise resource planning (ERP) software provider said the move is intended to maintain compliance with Nasdaq's US$1.00 minimum bid price requirement. A 1-for-40 consolidation had taken effect on 28 May 2026.

A Smaller Share Base After the Consolidation

The board approved the 1-for-16 ratio on 28 August 2026, using authority shareholders granted at an extraordinary general meeting on 24 August to consolidate shares at any ratio between 1-for-2 and 1-for-50. Class A shares outstanding fell from about 16,705,568 to about 1,044,098, with fractional interests rounded up.

Shareholder Approvals and Funding Moves

The August meeting also approved raising authorized Share Capital to 11 billion shares, lifting Class B voting rights from 30 to 100 votes per share, and redomiciling the company from the British Virgin Islands to the Cayman Islands, subject to regulatory consents.

On 4 August 2026, Republic Power Group closed the sale of 15 million Class A shares at US$1.00 each for net proceeds of about US$14.56 million, earmarked for research and development, Business expansion, commercialization, recruiting, general corporate purposes and possible acquisitions. Earlier offerings closed on 29 January and 3 April 2026 raised net proceeds of about US$8.66 million and US$9.82 million.

In July, the company issued Dune Equity Holdings a US$285,000 first-tranche convertible note, including a US$25,000 original issue discount, carrying 12% annual interest and convertible at 80% of the average of the three lowest traded prices over ten trading days. On 29 September, it agreed to pay US$250,000 to terminate the investor's right to enter a new set of financing documents on the same terms.

Software Expansion and Half-Year Results

Republic Power Group provides customized ERP software, consulting, technical support and peripheral hardware to corporate and government clients in Singapore and Malaysia. It is developing a subscription-based software-as-a-service ERP product, with a commercial launch targeted for the fiscal year ending 30 June 2027.

In April 2026, the company completed the purchase of a 10% stake in NVC Partners Limited, a developer of digital asset trading software, for US$5.2 million and paid a further US$2.8 million for access to a tokenization platform under a technology services agreement. These initiatives have not yet generated revenue.

For the six months ended 31 December 2025, Revenue rose to S$2.17 million from S$0.49 million, while the net loss narrowed to S$0.98 million from S$1.17 million. Shares closed at US$10.20 on 30 October 2026, up 20.71% on the day, giving a market Capitalization of about US$10.67 million.