NextNRG, Inc. (NXXT) has announced a 1-for-10 reverse stock split of its common stock, which will be effective at 12:01 a.m. Eastern Time on October 30, 2026. The company's stock will begin trading on the Nasdaq Capital Market on a split-adjusted basis at the market open on the same day under the existing ticker symbol "NXXT".
Key Details
- Ratio: Every 10 shares of issued and outstanding common stock will be automatically converted into one share of common stock.
- Effective Date: The reverse stock split is effective October 30, 2026. The board of directors approved the action on October 14, 2026.
- Share Count Impact: The number of authorized shares of common stock will be reduced from 500 million to 50 million. The number of outstanding shares will decrease from approximately 16.84 million to 1.68 million.
- Fractional Shares: Stockholders who would otherwise be entitled to fractional shares will have their shares rounded up to the nearest whole share.