Everbright Digital shares surge 65.67% after-hours after announcing 1-for-16 reverse share split to boost stock price and maintain Nasdaq listing.

Everbright Digital Holding Limited (EDHL) surged 65.67% 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 and the board in January 2026, aims to increase the stock’s market price to maintain Nasdaq listing compliance. By reducing outstanding shares from 26.66 million to approximately 1.666 million, the company signals proactive measures to address regulatory requirements and potentially enhance investor confidence. The reverse split, which adjusts par value from $0.00004 to $0.00064 per share, is perceived as a strategic step to stabilize the stock price and avoid delisting risks, directly aligning with the observed price surge.