Toppoint Holdings Inc. Announces Reverse Stock Split

Rhea-AI Summary

Toppoint Holdings (NYSE American: TOPP) approved a 1-for-5 reverse stock split expected to take effect on November 23, 2026. NYSE American halted trading on November 10 because of an abnormally low trading price. The company gives restoring a per-share price appropriate for continued listing as the reason for the split.

Effectiveness is expected at 12:01 a.m. Eastern Time, subject to completion of applicable corporate action procedures. Split-adjusted trading is targeted for November 23, subject to NYSE American authorization to resume trading. Outstanding common shares totaled 24,700,000 as of November 13; the company expects approximately 4,940,000 after the split, subject to fractional-share rounding. Authorized shares will remain unchanged.

0 points · 0 major

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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1 major · 4 points

Hollow bars mark forward-looking points. How the balance works

Positive

• None.

Negative

• Major pointTrading halted November 10, 2026 because of an abnormally low common-stock trading price.
• Moderate point. Forward-looking: it has not happened yet and may not happen.1-for-5 reverse split aims to restore a per-share price appropriate for continued NYSE American listing.
• Minor point. Forward-looking: it has not happened yet and may not happen.November 23 split-adjusted trading target depends on NYSE American authorization to resume trading.
• Minor point. Forward-looking: it has not happened yet and may not happen.Expected November 23 effectiveness remains subject to completion of applicable corporate action procedures.

News Explained

With the board-approved 1-for-5 reverse split still pending, each holder’s share count is consolidated proportionally, leaving percentage ownership unchanged except for fractional-share rounding; the split itself does not change company value.

Key Figures

Reverse split ratio: 1-for-5 Expected effective date: November 23, 2026 Shares outstanding before split: 24,700,000 shares +1 more

Reverse split ratio

1-for-5

Board-approved reverse stock split

Expected effective date

November 23, 2026

Subject to completion of applicable corporate action procedures

Shares outstanding before split

24,700,000 shares

As of November 13, 2026

Expected shares outstanding after split

approximately 4,940,000 shares

Subject to adjustment for fractional-share rounding

Key Terms

reverse stock split, par value, cusip number

3 terms

reverse stock split financial

"approved a reverse stock split of its shares of common stock"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

par value financial

"common stock, par value $0.0001 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

cusip number technical

"expected to trade under the new CUSIP number"

A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

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NORTH WALES, PA, Nov. 13, 2026 (GLOBE NEWSWIRE) -- Toppoint Holdings Inc. (“Toppoint” or the “Company”) (NYSE American: TOPP), a truckload services and solutions provider focused on the recycling export supply chain, today announced that the Company’s Board of Directors (the “Board”) approved a reverse stock split (the “Reverse Stock Split”) of its shares of common stock, par value $0.0001 per share (the “Common Stock”), at a ratio of 1-for-5, pursuant to the reverse stock split authority approved by stockholders at the Company's annual meeting on September 8, 2026.

On November 10, 2026, the NYSE American LLC (the “NYSE American”) halted trading in the Common Stock due to an abnormally low trading price. The Company has been in active communication with NYSE American regarding the resumption of trading and, following that dialogue, is proceeding with the Reverse Stock Split to restore the per-share price of its Common Stock to a level appropriate for continued listing on the NYSE American.

The Reverse Stock Split is expected to become effective at 12:01 a.m. Eastern Time on November 23, 2026, pursuant to a Certificate of Amendment to the Certificate of Incorporation of Toppoint Holdings Inc. to be filed with the Delaware Secretary of State, subject to completion of the applicable corporate action procedures. The Company is targeting November 23, 2026 for trading on a split-adjusted basis, subject to NYSE American's authorization to resume trading. The Common Stock will retain the symbol "TOPP" and is expected to trade under the new CUSIP number 89078D 200.

As a result of the Reverse Stock Split, every five shares of Common Stock issued and outstanding will be combined into one share of Common Stock. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder's percentage ownership interest in the Company, except with respect to the treatment of fractional shares. No fractional shares will be issued, and in lieu of issuing fractions of shares, the Company will round up to the nearest whole number at the participant level. The number of authorized shares and the par value of the Company's capital stock will remain unchanged. Adjustments to any outstanding equity awards, warrants or other rights to acquire Common Stock will be made in accordance with their applicable terms.

Prior to the Reverse Stock Split and as of November 13, 2026, there are 24,700,000 shares of Common Stock issued and outstanding. Immediately following the Reverse Stock Split, the Company expects to have approximately 4,940,000 shares of Common Stock issued and outstanding, subject to adjustment for the rounding up of fractional shares held by registered holders.

Registered stockholders who hold shares of Common Stock in book-entry form with the Company’s transfer agent, VStock Transfer, LLC, are not required to take any action to receive post-Reverse Stock Split shares. Stockholders owning shares through an account at a brokerage firm, bank, dealer, custodian or other similar organization acting as nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to such nominee’s particular processes, and will not be required to take any action in connection with the Reverse Stock Split. Stockholders who hold shares with a bank, broker, custodian or other nominee and who have any questions in this regard are encouraged to contact their banks, brokers, custodians or other nominees.

About Toppoint Holdings Inc.

Toppoint Holdings Inc. (NYSE American: TOPP) is a truckload services and solutions provider focused on the recycling export supply chain. The Company is a key player in the New Jersey and Pennsylvania regional trucking market for waste paper, and also transports scrap metal and wooden logs from large waste companies, recycling centers, and commodity traders to the ports of Newark, NJ and Philadelphia, PA. Toppoint additionally provides import transportation services at these ports and has expanded into markets including Tampa, Jacksonville, and Miami, FL; Baltimore, MD; and Houston, TX. The Company is incorporated in Delaware and headquartered in North Wales, Pennsylvania.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements relate to future events, including the anticipated effective date of the reverse stock split, the expected resumption and commencement of split-adjusted trading, the acceptance of the Certificate of Amendment by the Secretary of State of the State of Delaware, and the Company’s continued listing on NYSE American, and are subject to risks and uncertainties. These statements can be identified by words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” or “continue.” Actual results could differ materially, including as a result of the risk that NYSE American may delist the Common Stock, the risk that NYSE American may not timely remove the trading halt, and general market and economic conditions.  Additional risks that may affect the Company are described in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K and its Quarterly Report on Form 10-Q. Toppoint undertakes no obligation to update or revise any forward-looking statements except as required by law.

Investor Relations Contact

Toppoint Holdings Inc.
1250 Kenas Road, North Wales, PA 19454
Phone: 551-866-1320
NYSE American: TOPP

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When will Toppoint's TOPP reverse stock split take effect, and what is the ratio?

The 1-for-5 reverse split is expected to take effect at 12:01 a.m. Eastern Time on November 23, 2026, subject to completion of applicable corporate action procedures. Every five issued and outstanding common shares will become one share. Split-adjusted trading is targeted for November 23, subject to NYSE American authorization to resume trading.

Do TOPP shareholders need to take action for the reverse split, and how are fractional shares handled?

Registered book-entry holders and shareholders holding through brokers or other nominees do not need to take action to receive adjusted shares. Nominee-held positions will be adjusted automatically under the nominee's processes. No fractional shares will be issued; fractions will be rounded up to the nearest whole number at the participant level. Holders with nominee-account questions should contact their nominee.