Intelligent Group shares fall 18.68% intraday after announcing 1-for-20 reverse stock split to regain Nasdaq compliance.

Intelligent Group Ltd. (NASDAQ:INTJ) fell 18.68% in intraday trading following the announcement of a 1-for-20 reverse stock split to regain compliance with Nasdaq’s $1.00 minimum pricing requirement. The board approved the split on January 15, 2026, with implementation expected around February 4, 2026. While the move aims to prevent delisting, the sharp intraday drop suggests investor skepticism, as reverse splits are often perceived as signals of financial distress. The adjustment reduces outstanding shares, effectively increasing the share price to meet Nasdaq criteria, but market sentiment appears to prioritize underlying concerns about the company’s financial health over the procedural fix.