Linkage Global Sets Sept 21 Effective Date for 23-for-1 Reverse Split to Regain Nasdaq Compliance
UZX sits 17% above its 52-week low of $0.072 on elevated volume (3.8× avg).
Summary
Linkage Global has finalized the details of its 23-for-1 reverse stock split, with shares trading split-adjusted on September 21, 2026 under a new CUSIP. The move is aimed at regaining compliance with Nasdaq's minimum bid price rule, a critical step to avoid delisting. Post-split, the company will have approximately 3.03 million Class A shares outstanding, which will significantly reduce the float and likely increase volatility. This follows the company's earlier announcement of the reverse split proposal and a recent $20 million PIPE LOI, indicating ongoing efforts to stabilize its capital structure. The reverse split is a mechanical fix for the bid price deficiency, but the company's underlying financial challenges, including a $1.6 million loss in the first half of the year, remain unresolved.
At the time of this announcement, UZX was trading at $0.08 on NASDAQ in the Finance sector, with a market capitalization of approximately $5.1M. The 52-week trading range was $0.07 to $3.10. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.