New Fortress Energy announces 1-for-50 reverse stock split effective Sept. 11 - NFE News | RalliesNew Fortress Energy announces 1-for-50 reverse stock split effective Sept. 11
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NFE• Reverse stock split set for Sept. 11
- New Fortress Energy will execute a 1-for-50 reverse stock split of its Class A common stock.
- The split is set to take effect at 8:30 a.m. ET on Sept. 11, 2026; shares are expected to trade split-adjusted the same day under NFE.
- The move targets Nasdaq minimum bid-price compliance; split-adjusted trading remains contingent on completion of an ongoing restructuring transaction.
- Outstanding share count would drop to about 5,712,693 from about 285,634,650, based on a July 31, 2026 reference point.
- Fractional shares will be cashed out; equity awards and convertible securities will be adjusted to reflect the split.
