Aeries Technology Implements 1-for-8 Reverse Split After $3.5M Profit in FY2026
AERT•Aeries Technology completed a 1-for-8 reverse share split to boost its per-share price following Nasdaq minimum bid-price scrutiny. The company posted fiscal 2026 results: $70.0 million revenue, $3.5 million net income and $8.3 million Adjusted EBITDA after a prior-year loss.
1. Reverse Share Split Details
On June 12, 2026, Aeries Technology executed a 1-for-8 reverse share split of its Class A ordinary shares, consolidating every eight existing shares into one new share to increase the per-share trading price. The company’s ticker remains AERT, CUSIP updated to G0136H128, and split-adjusted shares began trading at market open.
2. Fiscal 2026 Financial Turnaround
For the fiscal year ended March 31, 2026, Aeries reported $70.0 million in revenue, a net income of $3.5 million compared with a $21.6 million loss the prior year, and Adjusted EBITDA of $8.3 million, lifting its margin to 11.9% from negative 6.6%.
3. Listing Compliance and Strategic Outlook
The reverse split follows receipt of a Nasdaq minimum bid-price notice and aims to maintain listing standards. Improved operating cash flow and profitability mark progress in stabilizing the business, though sustainable revenue growth will be key to the long-term investment case.
