Intercont Announces 25-for-1 Reverse Stock Split to Regain Nasdaq Compliance
Intercont (Cayman) has announced a 25-for-1 reverse stock split, effective September 17, 2026. The move is intended to bring the company back into compliance with Nasdaq's $1 minimum bid price requirement for listed stocks. After the split, each shareholder will own one share for every 25 they currently hold under the same ticker symbol NCT but a new CUSIP code. The reverse stock split will reduce Intercont’s issued Class A shares from approximately 25.4 million to around 1.02 million. Shareholders are not required to take any action, as brokerage accounts will be adjusted automatically by their custodians.
