Zeta Network Approves 100-for-1 Reverse Split to Regain Nasdaq Compliance
Zeta Network will consolidate shares 100-for-1 on March 12, 2026, reducing outstanding Class A shares from 158.08 million to 1.58 million and adjusting par value to $0.25. The reverse split aims to restore compliance with Nasdaq’s minimum bid price rule and preserve the company’s listing.
1. Board Approves 100-for-1 Reverse Split
Zeta Network’s board approved on February 10, 2026 a 100-for-1 consolidation of Class A ordinary shares effective with trading open on March 12, 2026 to comply with Nasdaq’s minimum bid price requirement.
2. Share Consolidation Mechanics
Under the consolidation, each 100 Class A shares will automatically convert into one share, no fractional shares will be issued, and shareholders will receive one share in lieu of any fraction that would have arisen.
3. Capital Structure Adjustment
Authorized share capital par values will increase from $0.0025 to $0.25 per share, changing authorized Class A shares to 112 million and Class B shares to 16 million, while outstanding Class A decreases from 158,079,166 to approximately 1,580,792 and Class B from 480 to 5.