Everbright Digital shares surge 48.89% after-hours as company announces 1-for-16 reverse split to boost stock price for Nasdaq compliance.

Everbright Digital Holding surged 48.89% in after-hours trading following the announcement of a 1-for-16 reverse share split, effective February 9, 2026. The company stated the split aims to increase the per-share price to maintain compliance with Nasdaq listing requirements, reducing outstanding shares from 26.66 million to approximately 1.67 million. The move, approved by shareholders in September 2025, is intended to enhance the stock’s marketability by elevating its price, a factor often associated with improved investor perception. The after-hours rally reflects investor optimism about the structural change, which may attract broader participation by aligning the stock price with typical market thresholds.