Intercont Sets 25-for-1 Reverse Split Effective Sept 17 to Regain Nasdaq Compliance
NCT is trading near its 52-week low of $0.26 (8.0% above the low).
Summary
Intercont announced a 25-for-1 reverse share split effective September 17, 2026, to regain Nasdaq's $1.00 minimum bid price compliance. Issued Class A shares drop from 25.4M to 1.02M.
Key Events · Corporate Governance and Compliance · NCT
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25-for-1 Reverse Split Effective Sept 17
Every 25 Class A ordinary shares combine into one share, effective September 17, 2026, to regain Nasdaq's $1.00 minimum bid price compliance.
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Share Count Reduction
Issued Class A shares fall from 25,437,740 to 1,017,510; authorized shares drop from 80 billion to 3.2 billion; par value rises from $0.0025 to $0.0625.
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New CUSIP Number
Class A ordinary shares will trade under new CUSIP G48049129, with the same ticker symbol NCT.
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Compliance-Driven Move
The split follows a July 2026 deeply discounted offering and an August 2026 going-concern warning — the company is using the split to avoid delisting.
Analysis · NCT · Energy & Transportation
Intercont is executing a 25-for-1 reverse share split effective September 17, 2026, to lift its stock price above Nasdaq's $1.00 minimum bid requirement. The split reduces issued Class A shares from 25.4 million to 1.02 million and authorized shares from 80 billion to 3.2 billion. This is a compliance-driven move following a deeply discounted offering in July and a going-concern warning in August — the company is using the split to avoid delisting, not because of operational strength.
How filings like this one have moved
In the 30 days to Sep 30, 2026, 34.9% of the 1009 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.52%. 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, NCT was trading at $0.28 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $7.6M. The 52-week trading range was $0.26 to $47.50. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.