Investors in $NFT Ltd. face a significant capital restructuring as the company executes a major reverse share split of its ordinary shares.
Reverse share split reshapes $NFT capital structure
$NFT Ltd. has approved a 1-for-80 reverse share split of its Class A and Class B ordinary shares. The split was authorized by the company’s board of directors on 23 April 2026, following shareholder approval on 17 April 2026 for a potential reverse split of up to 1-for-200. This move substantially consolidates the number of shares in circulation.
Under the approved terms, $NFT shareholders will receive one new ordinary share for every 80 existing shares held. Importantly, fractional shares will not be left outstanding. Instead, any fractional position will be rounded up to the nearest whole share, which slightly mitigates dilution for very small holders and simplifies post‑split ownership records.
Impact on $NFT share count and par value
Before the reverse share split, $NFT Ltd. had approximately 18,478,875 Class A ordinary shares outstanding and 0 Class B ordinary shares outstanding. After the 1-for-80 consolidation, the company expects to have approximately 230,986 Class A ordinary shares outstanding, with Class B remaining at 0. Consequently, the float becomes far more concentrated.
Alongside the adjustment in share count, the par value of the company’s ordinary shares will change. Following the reverse split, the new par value will be $0.04 per share. While this is largely an accounting measure, it reflects the altered capital structure after the consolidation and may influence how the balance sheet is presented.
Effective date and trading details for $NFT investors
The reverse share split is expected to become effective on or about 18 May 2026. On that date, trading in $NFT Ltd.’s Class A ordinary shares on the NYSE American is expected to begin on a split‑adjusted basis at the market open. Therefore, investors should anticipate a significantly higher per‑share price and a proportionally reduced share count in their accounts.
Following the corporate action, the Class A ordinary shares will continue to trade on the NYSE American under the symbol “MI.” However, they will be assigned a new CUSIP number: G6363T123. This change in CUSIP is standard practice after such events and helps market participants, custodians, and back‑office systems correctly identify the post‑split securities.
Role of transfer agent in $NFT share exchange
VStock Transfer LLC will act as the transfer agent for $NFT Ltd. in connection with the reverse share split and will handle the exchange of share certificates where required. According to the company, VStock Transfer can be contacted at 212‑828‑8436 for questions related to the process. As a result, registered shareholders who hold physical certificates or direct registration positions will coordinate any necessary actions through the transfer agent.
Beneficial owners who hold $NFT shares in street name through brokers or custodians are typically not required to take additional steps, as intermediaries usually process such corporate actions automatically. Nevertheless, investors may wish to review brokerage statements after the effective date to confirm that their consolidated positions, and any fractional share rounding, have been correctly reflected.
What the reverse split means for $NFT stakeholders
The 1-for-80 reverse share split does not, by itself, change the overall value of $NFT holdings, since the reduction in share count is intended to be offset by a higher per‑share price. However, it materially alters the share structure, which can have implications for liquidity, trading dynamics, and investor perception. Stakeholders will be closely monitoring how the market responds once $NFT shares begin trading on a split‑adjusted basis in May 2026.
