Freight Technologies Sets 1-for-10 Reverse Split to Cure Nasdaq $1.00 Bid Deficiency

summarizeSummary

Freight Technologies approved a 1-for-10 reverse split, effective October 19, 2026, to regain compliance with Nasdaq's $1.00 minimum bid price rule. Outstanding shares drop from 16.8 million to 1.68 million.

check_boxKey Events · Corporate Governance and Compliance · FRGT

• 1-for-10 Reverse Split Approved

  Board approved the split on October 8, 2026; shares begin trading split-adjusted October 19, 2026 under new CUSIP G51413170.

• Share Count Cut to 1.68 Million

  Outstanding ordinary shares fall from 16,814,200 to 1,681,420, with no change to total authorized shares.

• Nasdaq Minimum Bid Compliance

  The company states the split is intended to raise the per-share price above Nasdaq's $1.00 minimum bid requirement; the stock trades at $0.24 as of today.

• Fractional Shares Cancelled

  Holders with a fractional entitlement below one-half share will have it cancelled; those at one-half or more round up to the next whole share.

auto_awesomeAnalysis · FRGT · Energy & Transportation

Freight Technologies is executing a 1-for-10 reverse split effective October 19, 2026, cutting outstanding shares from 16,814,200 to 1,681,420. The company states plainly that the move is to lift the per-share price above Nasdaq's $1.00 minimum bid requirement — at $0.24 today, the stock is far below that threshold, so this is a listing-compliance action, not an operational one. A reverse split changes nothing about the company's value or business; it only re-denominates the share count. The real risk is what typically follows: the higher nominal price makes it easier to issue new equity, and with a micro-cap trading at a fraction of a dollar, further dilution is a live possibility. Existing holders should also note that fractional shares below one-half will be cancelled, a small but real cost to odd-lot holders.