Lument Finance Trust Sets September 9 Effective Date for 1-for-10 Reverse Split
LFT is trading near its 52-week low of $0.64 (4.7% above the low).
Summary
Lument Finance Trust announced a 1-for-10 reverse stock split effective September 9, 2026, to regain NYSE listing compliance. The split will reduce outstanding shares from about 52.5 million to 5.3 million.
Key Events · Corporate Governance and Compliance · LFT
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Reverse Split Approved
Board unanimously approved a 1-for-10 reverse stock split to regain NYSE compliance after the stock averaged below $1.00 for 30 trading days.
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Effective Date Set
Split becomes effective at 5:00 pm ET on September 9, 2026; trading on split-adjusted basis begins September 10, 2026 under new CUSIP 55025L306.
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Share Count Reduction
Outstanding shares expected to drop from approximately 52.5 million to approximately 5.3 million, with cash paid for fractional shares.
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Q2 Loss Reported
GAAP net loss attributable to common shareholders was $9.2 million, or $0.18 per share; distributable loss was $5.3 million, or $0.10 per share.
Analysis · LFT · Real Estate & Construction
The board approved a 1-for-10 reverse stock split to regain NYSE compliance after the stock fell below $1.00. The split takes effect September 9, 2026, reducing shares from about 52.5 million to 5.3 million. This is a survival move: the company reported a Q2 loss of $0.18 per share and trades near its 52-week low of $0.64. The reverse split will mechanically lift the share price but does not change the company's market value or fix the underlying credit losses.
At the time of this filing, LFT was trading at $0.67 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $36.4M. The 52-week trading range was $0.64 to $2.37. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.