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Pop Culture Group to Execute 15-for-1 Reverse Share Split on Nasdaq

Pop Culture Group to Execute 15-for-1 Reverse Share Split on Nasdaq

Xiamen – September 15, 2026 -- Pop Culture Group Co., Ltd (NASDAQ: CPOP) will consolidate its ordinary shares at a 15-for-1 ratio effective September 14, 2026, cutting its Class A Ordinary Shares outstanding from 14,069,656 to approximately 937,978.

Nasdaq-listed shares consolidate at 15-for-1 ratio starting September 14

The Xiamen-based entertainment company confirmed the share consolidation applies uniformly across its Class A, Class B and Class C ordinary shares, each carrying a par value of US$0.1. Post-consolidation trading begins at market open on September 14, 2026, with Class A shares continuing under the ticker "CPOP" but under a new CUSIP number, G71700135.

Foundation 8 Secures $44.5M Loan for Phoenix Office Tower

Foundation 8 Secures $44.5M Loan for Phoenix Office Tower

Phoenix – September 15, 2026 -- Foundation 8, LLC has closed a $44.5 million first mortgage loan with Hilco Global Real Estate Capital to refinance and reposition the office component of 333 N Central Avenue, a landmark mixed-use tower in Downtown Phoenix.

Loan refinances acquisition debt and funds leasing costs

The financing replaces existing acquisition debt and provides additional capital for leasing costs, tenant improvements, and capital improvements tied to Foundation 8's business plan for the property. The office component spans 246,490 square feet of Class AA space across the top eight floors, plus 2,522 square feet of ground-floor retail, rooftop amenity rights, and shared parking access. A separately owned 242-key Westin Hotel occupies the building's middle floors.

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