Fitness Champs Holdings (FCHL) Surges Over 127% After Hours—Here's Why It's Trending

Fitness Champs Holdings Ltd. (NASDAQ: FCHL) shares surged 127.49% in after-hours trading, reaching $3.89, following a significant reverse stock split aimed at maintaining compliance with Nasdaq listing requirements. The company executed a 15-for-1 share consolidation on February 12, 2023, after closing the regular session at $1.71, down 41.84%. Additionally, FCHL announced an $18 million offering of up to 6 million units at $3, which could potentially generate 90 million additional Class A shares. The company's market capitalization is currently $1.94 million, with a 52-week high of $114.60 and a low of $1.66.