Jubilant Flame Sets 1-for-100 Reverse Split for September 9
JFIL sits 99% above its 52-week low of $0.01 on elevated volume (2.8× avg).
Summary
Jubilant Flame approved a 1-for-100 reverse split, reducing shares from ~19.99M to ~0.20M, effective September 9, 2026. The move comes amid a going concern warning and near-zero cash.
Key Events · Corporate Governance and Compliance · JFIL
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1-for-100 Reverse Split Approved
On August 20, 2026, the board and majority shareholders approved a 1-for-100 reverse split, reducing outstanding shares from approximately 19.99 million to approximately 0.20 million.
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Effective Date September 9, 2026
Common stock begins trading on a split-adjusted basis September 9, 2026, under ticker JFIL with 'D' appended for the first 20 trading days. New CUSIP is 48127W 205.
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Going Concern Backdrop
The reverse split follows the July 13, 2026 10-Q showing $1,715 in cash, a $1.45 million working capital deficit, and a going concern warning — the split is a mechanical step to support the share price and future financing.
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No Fractional Shares — Round Up
Shareholders who would otherwise receive a fractional share will receive one full share, slightly reducing the dilutive effect of the split on small holders.
Analysis · JFIL · Technology
On August 20, 2026, the board and majority shareholders approved a 1-for-100 reverse split, slashing outstanding shares from roughly 19.99 million to about 0.20 million. Trading on a split-adjusted basis begins September 9, 2026, with a 'D' appended to the ticker for 20 trading days. For a company with only $1,715 in cash, a $1.45 million working capital deficit, and a going concern warning from its July 10-Q, this reverse split is a survival move — it lifts the share price mechanically to maintain listing eligibility and make future financing possible, but it does not change the underlying cash crisis.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 35.8% of the 1706 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.10%. 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, JFIL was trading at $0.02 on OTC in the Technology sector, with a market capitalization of approximately $381.7K. The 52-week trading range was $0.01 to $0.15. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.