Datacentrex Sets Nov 30 Vote on 1-for-2 to 1-for-25 Reverse Split to Keep Nasdaq Listing
DTCX is trading near its 52-week low of $1.41 (6.4% above the low).
Summary
Datacentrex's definitive proxy sets a November 30 vote on a reverse split of up to 1-for-25 to avoid Nasdaq delisting, alongside director elections and auditor ratification. The board would gain discretion to execute the split any time before November 30, 2027 without reducing the 250 million authorized share count.
Key Events · Corporate Governance and Compliance · DTCX
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Reverse Split Vote Set for Nov 30
Shareholders will vote on authorizing the board to effect a reverse split at any ratio from 1-for-2 to 1-for-25, exercisable any time before November 30, 2027.
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Nasdaq Minimum Bid Price Compliance
The board states the split is primarily intended to raise the bid price above Nasdaq's $1.00 minimum; the stock trades at $1.50 as of today.
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Authorized Shares Unchanged at 250M
The split would not reduce the 250,000,000 authorized shares, expanding unreserved authorized shares from ~185.8M pre-split to as much as ~247.4M at 1-for-25.
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Five Director Nominees and Auditor Ratification
Parker Scott, Robert Steele, Christopher Ensey, Allan Evans, and Christopher R. Moe stand for one-year terms; Haynie & Company is up for ratification as fiscal 2026 auditor.
Analysis · DTCX · Technology
The definitive proxy locks in a November 30 shareholder vote on giving the board authority to reverse-split the stock at any ratio from 1-for-2 to 1-for-25, a move the company says is needed to regain compliance with Nasdaq's $1.00 minimum bid price. The stock trades at $1.50, so a split is not immediately forced, but the board wants the option in hand before the November 30, 2027 deadline. Approval would not reduce the 250 million authorized shares, so the split would mechanically expand the unissued share pool from about 186 million to as much as 247 million — room the board could use for future issuance without another shareholder vote. The proxy also confirms five director nominees, auditor ratification, and discloses that CEO Parker Scott received 1.25 million restricted shares in 2025 and that a related-party IRTH Communications contract was amended in February 2026 to cut the monthly fee and grant 60,000 options.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 30.9% of the 1649 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. 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, DTCX was trading at $1.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $70.7M. The 52-week trading range was $1.41 to $5.66. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.