Investors in $NFT Ltd. is facing a significant capital restructuring as the company implements a major reverse stock split of its common stock.
Reverse stock split reforms $NFT capital structure
$NFT Ltd. has approved a 1-for-80 reverse stock split of its Class A and Class B common stock. The split was approved by the company’s board of directors on April 23, 2026, following shareholder approval on April 17, 2026 for a possible reverse split of up to 1 for 200. This move substantially consolidates the number of shares in issue.
Under the approved conditions, $NFT shareholders will receive one new common share for every 80 existing shares owned. Importantly, there will be no fractional shares outstanding. Instead, each fractional position is rounded up to the nearest whole share, which somewhat mitigates the dilution for very small holders and simplifies ownership data post-split.
Impact on $NFT number of shares and nominal value
Before the reverse stock split was $NFT Ltd. had approximately 18,478,875 shares of Class A common stock outstanding and 0 shares of Class B common stock. After the 1-for-80 consolidation, the company expects to have approximately 230,986 shares of Class A common stock outstanding, with the value of Class B remaining at 0. Consequently, the float becomes much more concentrated.
In addition to the adjustment in the number of shares, the nominal value of the company’s ordinary shares will also change. After the reverse split, the new par value will be $0.04 per share. While this is largely an accounting measure, it reflects the changed capital structure post-consolidation and can impact how the balance sheet is presented.
Effective date and trading details for $NFT investors
The reverse stock split is expected to become effective on or about May 18, 2026. Trading will take place on that date $NFT Ltd.’s Class A common stock on NYSE American is expected to begin trading on the open market on a pre-split adjusted basis. Therefore, investors should anticipate a significantly higher price per share and a proportionately lower number of shares in their accounts.
Following the corporate action, the Class A common stock will continue to trade on the NYSE American under the symbol “MI.” However, they will be assigned a new CUSIP number: G6363T123. This change to CUSIP is standard practice following such events and will help market participants, custodians and back-office systems correctly identify the securities post-split.
Into role of transfer agent $NFT stock exchange
VStock Transfer LLC will act as transfer agent for $NFT Ltd. in connection with the reverse share split and will arrange the exchange of share certificates where necessary. According to the company, VStock Transfer can be contacted at 212-828-8436 for questions about the process. As a result, registered shareholders who hold physical certificates or direct registration positions will coordinate all necessary actions through the transfer agent.
Ultimate owners who keep $NFT street name shares through brokers or custodians typically do not need to take additional steps, as intermediaries typically process such corporate actions automatically. Nevertheless, investors may wish to review broker statements after the effective date to confirm that their consolidated positions and any fractional share roundings have been accurately reflected.
What the reverse split means for $NFT stakeholders
The 1 for 80 reverse stock split by itself does not change the total value of $NFT because the intention is for the reduction in the number of shares to be compensated by a higher price per share. However, it materially changes the share structure, which could impact liquidity, trading dynamics and investor perception. Stakeholders will be watching closely to see how the market ever responds $NFT shares will begin trading on a split-adjusted basis in May 2026.