Delixy Moves to Preserve Nasdaq Listing with 1-for-5 Reverse Split
DLXY has more than doubled off its 52-week low of $0.34 on elevated volume (5.8× avg).
Summary
Delixy Holdings approved a 1-for-5 reverse share split effective September 28, 2026, to raise its share price and maintain Nasdaq listing. Post-split, the company expects approximately 1.43 million Class A and 1.84 million Class B shares outstanding.
Key Events · Corporate Governance and Compliance · DLXY
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1-for-5 Reverse Split Approved
On August 12, 2026, the board approved a 1-for-5 reverse share split, combining every five ordinary shares into one. Trading on a post-split basis is expected to begin September 28, 2026 on Nasdaq under symbol DLXY with new CUSIP G2703G 111.
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Post-Split Share Count
After the split, Delixy expects approximately 1,434,800 Class A ordinary shares and 1,835,200 Class B ordinary shares outstanding, down from roughly 7.17 million and 9.18 million respectively.
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Nasdaq Listing Compliance
The reverse split is explicitly intended to increase the market price per share to allow the company to maintain its Nasdaq listing—a critical compliance measure for a stock trading below $1.
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Timing After LOI Surge
The announcement comes two days after shares surged 779% to $3.65 on a non-binding LOI to acquire up to 48% of Tarbagatay Munay, suggesting management is using the price spike to secure listing compliance.
Analysis · DLXY · Trade & Services
To maintain its Nasdaq listing, Delixy Holdings is executing a 1-for-5 reverse share split effective September 28, 2026. The move will reduce outstanding Class A shares from roughly 7.17 million to 1.43 million and Class B shares from 9.18 million to 1.84 million. The explicit goal is to lift the share price above the $1 threshold—a critical survival step for a stock that has traded below that level. Notably, the reverse split comes just two days after shares spiked 779% to $3.65 on news of a non-binding LOI to acquire up to 48% of Tarbagatay Munay. Management appears to be capitalizing on the price surge to secure listing compliance while investor attention is high.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1644 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DLXY was trading at $0.83 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $13.8M. The 52-week trading range was $0.34 to $7.00. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.