Next Technology Holding (NASDAQ: NXTT) plans 100-for-1 reverse stock split
Rhea-AI Filing Summary
Next Technology Holding Inc. approved a 100-for-1 reverse stock split of its common stock, authorized by stockholders on June 20, 2025 and set by the board on July 29, 2026. The split becomes effective at 12:01 a.m. Eastern Time on August 10, 2026.
From that date, NXTT shares will trade on a split-adjusted basis on the Nasdaq Capital Market under the same symbol, with a new CUSIP 961884400. Every 100 shares will be combined into one, reducing outstanding common shares from about 147,296,192 to about 1,472,962, while authorized shares and the $0.0000 par value remain unchanged. No fractional shares will be issued and positions will be rounded up, so relative ownership percentages are generally preserved. Equity awards reserved but unissued under the 2025 Equity Incentive Plan will not be adjusted for the split.
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8-K Event Classification
3 items: 3.03, 7.01, 9.01
3 items
Item 3.03
Material Modification to Rights of Security Holders
Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Reverse split ratio: 100-for-1
Effective time: 12:01 a.m. Eastern Time on August 10, 2026
Pre-split shares outstanding: approximately 147,296,192 shares
+3 more
6 metrics
Reverse split ratio
100-for-1
Ratio approved by the board for the reverse stock split
Effective time
12:01 a.m. Eastern Time on August 10, 2026
Time when the reverse stock split becomes effective
Pre-split shares outstanding
approximately 147,296,192 shares
Common stock issued and outstanding before the reverse split
Post-split shares outstanding
approximately 1,472,962 shares
Common stock issued and outstanding after the reverse split
New CUSIP
961884400
CUSIP number assigned to NXTT common stock after the reverse split
Par value per share
$0.0000 per share
Par value of NXTT common stock, unchanged by the reverse split
Key Terms
reverse stock split, split-adjusted basis, CUSIP number, Equity Incentive Plan, +1 more
5 terms
reverse stock split financial
"announced today that it will implement a reverse stock split of its issued"
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.
split-adjusted basis financial
"will begin trading on a split-adjusted basis at the commencement"
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.
CUSIP number financial
"The new CUSIP number for the common stock following the reverse"
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.
Equity Incentive Plan financial
"Under the Company’s 2025 Equity Incentive Plan (the “Plan”), to the extent"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
forward-looking statements financial
"This press release may include statements that may constitute “forward-looking statements,”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What reverse stock split did Next Technology Holding Inc. (NXTT) approve?
Next Technology Holding Inc. approved a 100-for-1 reverse stock split of its common stock. Every 100 issued and outstanding NXTT shares will be automatically combined into one share, affecting all stockholders uniformly on the effective date.
When will NXTT common stock begin trading on a split-adjusted basis?
NXTT common stock will begin trading on a split-adjusted basis on August 10, 2026. The reverse stock split becomes effective at 12:01 a.m. Eastern Time that day, with trading on the Nasdaq Capital Market reflecting the new share count at the open.