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.
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.