NightFood Executes 1-for-150 Reverse Split in Bid for Nasdaq Uplisting
Summary
NightFood completed its previously authorized 1-for-150 reverse split, cutting shares outstanding from roughly 543.9 million to 3.6 million as it works toward a Nasdaq Capital Market listing that remains subject to Nasdaq approval.
Key Events · Corporate Governance and Compliance · NGTF
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1-for-150 Reverse Split Effective
Effective 12:01 a.m. October 20, 2026, every 150 shares combined into one; the board chose the low end of its authorized 1:150 to 1:250 range.
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Share Count Cut to 3.6 Million
Issued and outstanding common stock fell from approximately 543,899,213 to approximately 3,625,995; no fractional shares were issued and fractions were rounded up.
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Nasdaq Uplisting Still Pending
The company has applied to list on the Nasdaq Capital Market and must still satisfy minimum bid price, public float, market value of unrestricted shares, liquidity and governance standards; Nasdaq approval is not assured.
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Temporary Ticker NGTFD
Shares trade split-adjusted on OTC Pink under NGTFD for 20 trading days, then revert to NGTF; new CUSIP is 65412F200.
Analysis · NGTF · Technology
The share combination itself carries little new information, since the split was authorized and disclosed in July and August. What is new: the board fixed the ratio at the low end of its 1:150-1:250 range, and the split is now live, cutting the share count from about 543.9 million to about 3.6 million. That clears a prerequisite for the Nasdaq Capital Market application, not the application itself — minimum bid, float, liquidity and governance standards still have to be met, and Nasdaq has approved nothing. Set against the $84.7M net loss and going concern warning in the October 13 10-K, this is a listing-mechanics step rather than a balance-sheet fix, and with authorized shares left at 900 million, future issuance capacity is unchanged.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 29.2% of the 1466 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, NGTF was trading at $0.02 on OTC in the Technology sector, with a market capitalization of approximately $13.1M. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.