Future FinTech shares fall 10.23% premarket as reverse stock split announced to comply with Nasdaq bid-price rules.

jueves, 15 de enero de 2026, 4:13 am ET1 min de lectura
FTFT--
Future FinTech Group fell 10.23% in premarket trading following the announcement of a 1-for-4 reverse stock split, effective January 20, 2026. The move, approved by the board without shareholder approval, aims to comply with Nasdaq’s minimum bid price requirement for continued listing. The split reduces outstanding shares from 20.2 million to approximately 5.05 million, with no fractional shares issued. While the company cited regulatory compliance as the rationale, the reverse split is often viewed as a bearish signal, signaling financial strain and potentially deterring retail investors. Other recent developments, including a biomedical acquisition and cryptocurrency partnerships, were overshadowed by the split’s negative connotation, which likely drove the sharp premarket decline.

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