Everbright Digital shares surge 58.01% after-hours after announcing 1-for-16 reverse split to boost price and maintain Nasdaq listing.

Everbright Digital Holding Limited surged 58.01% in after-hours trading following the announcement of a 1-for-16 reverse share split, effective February 9, 2026. The move, approved by shareholders in September 2025, aims to increase the stock’s market price to maintain Nasdaq listing compliance. By reducing outstanding shares from 26.66 million to approximately 1.67 million, the reverse split signals the company’s intent to improve its valuation profile and investor appeal. The after-hours rally reflects investor optimism that the structural change will stabilize the stock and align it with Nasdaq’s minimum price requirements, addressing prior concerns about delisting risks. The adjustment, which rounds fractional shares to whole shares, also simplifies ownership and may enhance liquidity, further supporting the positive market reaction.