NightFood Holdings files draft information statement for reverse stock split authorization - NGTF News | RalliesNightFood Holdings files draft information statement for reverse stock split authorization
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NGTF• Reverse stock split authorization tied to exchange listing
- NightFood shareholders authorized the board to implement a reverse stock split tied to a potential national exchange listing.
- Split ratio set within a 1-for-150 to 1-for-250 range, with timing at the board’s discretion through July 21, 2027.
- Common shares outstanding stood at 516,995,612 as of July 22, 2026; a 1-for-200 split implies 2,584,979 shares outstanding.
- Authorized common shares would remain 900,000,000, expanding capacity for future issuances that could dilute existing holders.
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