Lument Finance Reports Q2 Loss, Announces Reverse Split to Regain NYSE Compliance
LFT is trading near its 52-week low of $0.64 (4.7% above the low).
Summary
Lument Finance Trust reported a Q2 2026 loss of 18 cents per share and announced a 1-for-10 reverse stock split approved by its board. The reverse split is expected to become effective at 5 pm ET on September 9. The company is trading near its 52-week low at $0.67, below the NYSE's $1.00 minimum, and received a deficiency notice on July 30. The reverse split is a direct response to regain compliance. Q1 showed a reduced net loss but a debt covenant breach, indicating ongoing financial stress. The reverse split will reduce share count and mechanically lift the price, but does not change fundamentals.
Updates
· SEC 8-K — The 8-K confirms the reverse split effective at 5 pm ET on September 9, with trading on a split-adjusted basis starting September 10 under new CUSIP 55025L306. Q2 GAAP net loss was $9.2 million, or $0.18 per share, and distributable loss was $5.3 million, or $0.10 per share.
At the time of this announcement, LFT was trading at $0.67 on NYSE in the Finance sector, with a market capitalization of approximately $36.4M. The 52-week trading range was $0.64 to $2.37. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.