NFT Ltd. Sets 1-for-80 Reverse Split, Reducing Shares to 230,986 at $0.04 Par Value
NFT Ltd. approved a 1-for-80 reverse share split of its Class A and Class B shares, effective on or about May 18, 2026, changing the par value to $0.04 per share. Outstanding Class A shares will drop from approximately 18.48 million to about 230,986, with fractional shares rounded up.
1. Reverse Split Approval and Timing
On April 23, 2026, NFT Ltd.'s board approved a 1-for-80 reverse split of both its Class A and Class B ordinary shares, following shareholder approval on April 17, 2026. The split is expected to become effective on or about May 18, 2026, with Class A shares trading on a split-adjusted basis at market open.
2. Share Count Reduction and Par Value
Prior to the reverse split, NFT had approximately 18,478,875 Class A shares outstanding, which will be consolidated to about 230,986 shares post-split. Both Class A and Class B shares will carry a new par value of $0.04 per share.
3. Option Adjustments and Fractional Shares
Outstanding stock options and restricted shares will be proportionally adjusted to reflect the 1-for-80 ratio, including exercise prices. Any fractional shares resulting from the split will be rounded up to the nearest whole share.
4. New Share Certificates
NFT’s transfer agent, VStock Transfer LLC, will manage the exchange of old certificates for new ones. Shareholders of record will receive a letter of transmittal with exchange instructions, while those holding shares in street name will be contacted by their brokers.