Uni-Fuels Approves 1-for-10 Reverse Split to Cure Nasdaq $1 Bid Deficiency
UFG is trading near its 52-week low of $0.34 (5.9% above the low).
Summary
Uni-Fuels shareholders approved a 1-for-10 reverse split on October 16, the expected fix for the Nasdaq sub-$1 bid deficiency disclosed in July. The market effective date has not yet been set.
Key Events · Corporate Governance and Compliance · UFG
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1-for-10 Reverse Split Approved
Board resolved and shareholders passed written resolutions on October 16, 2026 to consolidate every ten Class A and Class B ordinary shares into one.
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Par Value Raised to US$0.001
Post-split authorized capital is US$500,000 divided into 450,000,000 Class A and 50,000,000 Class B shares at US$0.001 par value each.
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Cure for Nasdaq Bid Deficiency
Follows the July 27 Nasdaq notice that the stock traded below $1 for 30 consecutive days; at $0.36 today the split is the mechanical path back above the minimum bid.
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Effective Date Still Pending
The company will announce the market effective date of the consolidation separately; no fractional shares will be issued, with entitlements rounded up.
Analysis · UFG · Trade & Services
Uni-Fuels is consolidating every ten shares into one, lifting the par value from US$0.0001 to US$0.001 and cutting the share count by 90%. The move directly addresses the Nasdaq notice from July 27 that the stock had traded below $1 for 30 straight days — at $0.36 today, the split is the mechanical route back above the minimum bid. Shareholders already approved it by written resolution on October 16, so the remaining unknown is only the market effective date, which the company says it will announce separately. The economics of each holder's stake do not change, but the reverse split often precedes further capital activity, and the company still has a $100M shelf registration on file from January 2026.
How filings like this one have moved
In the 30 days to Oct 27, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. 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, UFG was trading at $0.36 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $11.7M. The 52-week trading range was $0.34 to $1.56. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.