Next Technology Holding Announces 100-for-1 Reverse Stock Split

What happened

Next Technology Holding Inc. (NXTT), a Wyoming-based technology company, announced a 100-for-1 reverse stock split of its common stock in an 8-K filing with the SEC on August 5, 2026. The split will take effect at 12:01 a.m. Eastern Time on August 10, 2026, and the stock will begin trading on a split-adjusted basis under the same ticker symbol 'NXTT' on the Nasdaq Capital Market.

The reverse split was approved by the company’s board of directors on July 29, 2026, following stockholder authorization obtained at the annual meeting on June 20, 2025. The filing states that the board had discretion to select a ratio between 1-for-10 and 1-for-250, and chose 100-for-1.

On the announcement day, the stock closed at $0.832 per share, down 13.09% from the previous close of $0.9573.

The filing details

The Form 8-K includes disclosures under Item 3.03 (Material Modification to Rights of Security Holders) and Item 7.01 (Regulation FD Disclosure). The modification is the reverse stock split itself, which changes the number of shares each holder owns but does not alter the proportional ownership percentage, except for fractional shares that are rounded up.

Every 100 existing shares will combine into one new share. The number of outstanding shares will drop from approximately 147,296,192 to approximately 1,472,962. The authorized number of shares and the par value of $0.0000 per share remain unchanged.

The company also issued a press release furnished as Exhibit 99.1, which is incorporated by reference but not filed for purposes of SEC liability under Section 18 of the Exchange Act.

What this means

A reverse stock split is a corporate action that reduces the total number of a company’s outstanding shares while proportionally increasing the share price. In this case, the 100-for-1 ratio means that after the split, each share should theoretically trade at roughly 100 times the pre-split price, though market forces will determine the actual price. The company’s market capitalization remains the same.

Reverse splits are often used by companies whose stock price has fallen to very low levels, sometimes to meet the minimum bid price requirement for continued listing on exchanges like Nasdaq. The filing does not state the company’s reason for the split, but NXTT’s recent stock price was below $1.00, which is the typical minimum threshold.

For shareholders who hold shares in brokerage accounts, no action is needed; the split is automatically reflected. Holders of physical certificates or book-entry shares will receive instructions from the transfer agent, Transhare Corporation. Fractional shares that would result from the split will be rounded up to a whole share, so no fractional shares will be issued.

The CUSIP number for the common stock will change to 961884400. The authorized shares and par value are unaffected, but the unissued shares reserved under the company’s 2025 Equity Incentive Plan will not be adjusted for the reduction in outstanding shares.