Everbright Digital shares surge 33.51% after-hours after announcing 1-for-16 reverse split to boost share price and maintain Nasdaq listing.

Everbright Digital Holding surged 33.51% in after-hours trading following the announcement of a 1-for-16 reverse share split, effective February 9, 2026. The split, approved by shareholders in September 2025, will reduce outstanding shares from 26.66 million to ~1.67 million, increasing the par value from $0.00004 to $0.00064 per share. The move aims to elevate the stock price to maintain Nasdaq listing compliance, signaling the company’s commitment to addressing liquidity concerns and regaining investor confidence. The significant after-hours rally suggests market optimism that the reverse split will stabilize the stock’s valuation and attract renewed institutional interest.