NetClass Technology aims to meet Nasdaq’s $1.00 minimum bid price requirement with the reverse split effective July 6, 2026.
NetClass Technology (NTCL) approved a 1-for-50 reverse stock split, set to take effect on July 6, 2026. The move is designed to maintain compliance with Nasdaq’s $1.00 minimum bid price rule for listed stocks.
The reverse split will reduce the company’s outstanding Class A shares, though the exact number of shares post-split was not disclosed. Nasdaq requires listed companies to maintain a minimum bid price of $1.00, and reverse splits are a common method to achieve compliance.
NTCL shares declined following the announcement, reflecting investor reaction to the dilution effect of the reverse split.