STOCK TITAN

Intercont sets 8-for-1 reverse split for November 16

Shareholders had authorized the board to set a ratio from 2-for-1 to 1000-for-1 and choose implementation timing within five years of approval.

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Form Type
6-K

Rhea-AI Filing Summary

NCT will consolidate its Class A ordinary shares at an 8-for-1 ratio, effective November 16, 2026. The board approved the implementation on November 4, 2026. Issued Class A shares will be reduced from 16,286,926 to 2,035,866, while authorized Class A shares will be reduced from 3,200,000,000 to 400,000,000. Par value will rise from $0.0625 to $0.50 per Class A share.

Shareholders had previously approved board authority to set a final ratio from 2-for-1 to 1000-for-1 and choose implementation timing within five years of approval. Beginning with the opening of trading on November 16, Class A shares will trade on the Nasdaq Capital Market on a split-adjusted basis under NCT.

Filing Explained

For Class A holders whose shares would leave a fractional remainder after the 8-for-1 consolidation, the company says it will round up at the beneficial-holder level rather than issue fractional shares.

Reverse share split ratio 8-for-1 Class A ordinary shares; effective November 16, 2026
Effective date November 16, 2026 Split-adjusted trading begins at the opening
Issued Class A ordinary shares before consolidation 16,286,926 shares Pre-split
Issued Class A ordinary shares after consolidation 2,035,866 shares Post-split
Authorized Class A ordinary shares 3,200,000,000 to 400,000,000 shares Before and after the consolidation
Par value per Class A share $0.0625 to $0.50 Before and after the consolidation
share consolidation financial
"will effect a share consolidation (“Reverse Share Split”)"
Share consolidation is a process where a company reduces the total number of its shares by combining multiple existing shares into a smaller number of higher-value shares. This can make each share more expensive and potentially improve the company’s image. For investors, it often means their ownership remains the same, but the value of each share increases, which can influence how the stock is perceived and traded.
split-adjusted basis financial
"will trade on the Nasdaq Capital Market on a split-adjusted basis"
An adjustment to historical share prices and share counts that reflects past stock splits or reverse splits so that old data lines up with the current number of shares. Think of it like resizing an old photograph so it matches a new frame: it keeps price charts, returns and per‑share metrics comparable over time, which matters to investors who need accurate performance, valuation and trend analysis.
par value financial
"the par value will change from $0.0625 to $0.50"
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.
beneficial holder level financial
"rounded up at the beneficial holder level"
street name financial
"hold their shares in brokerage accounts or in “street name”"
A "street name" is a way that stocks or other financial assets are registered under a broker's name rather than directly in an individual investor's name. This allows for easier buying, selling, and transferring of the assets, much like how a library might hold books on behalf of many readers. For investors, using a street name simplifies transactions and helps maintain privacy, but it also means the broker is the official record holder of ownership.
Split Ratio 1-for-8 reverse split
Effective Date November 16, 2026
Shares Before Split 16,286,926
Shares After Split 2,035,866

FAQ

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

How are fractional NCT shares handled in the reverse share split?

No fractional Class A ordinary shares will be issued; fractional shares resulting from the consolidation will be rounded up at the beneficial holder level.

Do NCT shareholders need to take action for the reverse share split?

Registered stockholders holding shares electronically in book-entry form are not required to take action. Brokerage-account and street-name positions will be adjusted automatically, subject to each broker’s processes, and those holders are not required to take action.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2026

 

Commission File Number: 001-42571

 

INTERCONT (CAYMAN) LIMITED

 

39 Ocean Drive Singapore

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F ☒         Form 40-F ☐

 

 

 

 

The following exhibit is attached:

 

EXHIBIT INDEX

 

Exhibit
Number
  Description
99.1   Press Release

 

1

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: November 10, 2026 Intercont (Cayman) Limited
     
  By: /s/ Muchun Zhu
    Muchun Zhu
    Chief Executive Officer

 

2

 

Exhibit 99.1

 

Intercont (Cayman) Limited Announces Effective Time of Share Consolidation/Reverse Share Split

 

SINGAPORE, November 10, 2026 -- Intercont (Cayman) Limited (“Intercont” or the “Company”), a global shipping enterprise, today announced that it will effect a share consolidation (“Reverse Share Split”) of its ordinary shares at a ratio of 8-for-1, effective as of November 16, 2026 (the “Effective Time”). The company determined that the share consolidation is advisable to mitigate the risk of market manipulation commonly associated with low-priced securities, stabilize the trading profile of our ordinary shares and strengthen the quality of our shareholder base.

 

Beginning with the opening of trading on November 16, 2026, the Company’s Class A ordinary shares will trade on the Nasdaq Capital Market on a split-adjusted basis, under the same symbol “NCT” but under a new CUSIP number, G48049137.

 

The Company’s shareholders previously approved the reverse split and granted the Company’s board of directors the authority to determine the final consolidation ration (ranging from 2-for-1 to 1000-for-1) and the timing to for its implementation, provided that such implementation occurs within five years from the date of approval. Upon effecting the consolidation, the number of authorized, issued, and unissued Class A ordinary shares will be reduced proportionally, and the par value per share will be increased by the same ratio. On November 4, 2026, the Company’s board of directors approved the implementation of the Reverse Share Split at the ratio of 8-for-1 as of the Effective Time.

 

As of the Effective Time, every 8 shares of the Company’s then issued and outstanding Class A ordinary shares will be combined into one issued and outstanding Class A ordinary share without any action on the part of the shareholders. Prior to this current share consolidation, the Company had previously implemented a 25-for-1 share consolidation which became effective on 17 September 2026. Following this current 8-for-1 consolidation, the total number of authorized Class A ordinary shares will be reduced from 3,200,000,000 to 400,000,000, and the par value will change from $0.0625 to $0.50 per Class A share. Meanwhile, the issued Class A ordinary shares will be reduced from 16,286,926 pre-split to 2,035,866 post-split.The authorized Class B ordinary shares will remain unchanged. No fractional Class A Ordinary Shares will be issued in connection with the Reverse Share Split, and any fractional shares of Class A Ordinary Shares resulting from the Reverse Share Split will be rounded up at the beneficial holder level.

 

The Company’s transfer agent, Transhare Corporation, will serve as the exchange agent for the Reverse Share Split. Registered stockholders holding pre-Reverse Share Split ordinary shares of the Company’s electronically in book-entry form are not required to take any action to receive post- reverse-split shares. Those stockholders who hold their shares in brokerage accounts or in “street name” will have their positions automatically adjusted to reflect the Reverse Share Split, subject to each brokers’ particular processes, and will not be required to take any action in connection with the Reverse Share Split.

 

About Intercont (Cayman) Limited

 

Intercont (Cayman) Limited is a global shipping enterprise with plans for seaborne pulping operations. Under a visionary management team, Intercont is dedicated to providing customers with efficient and environmentally friendly transportation solutions through innovative business models and technology. For more information, please visit: https://www.intercontcayman.com.

 

Forward-Looking Statement

 

This press release contains statements of a forward-looking nature. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

 

Contact information:

 

investorrelations@intercontcayman.com

+65 88182399

 

Filing Exhibits & Attachments

1 document

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