Everbright Digital shares surge 72.28% after-hours after announcing 1-for-16 reverse share split to boost Nasdaq listing compliance.

Everbright Digital Holding surged 72.28% 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 its Nasdaq listing. By reducing outstanding shares from 26.66 million to approximately 1.666 million, the company seeks to comply with Nasdaq’s minimum price requirements. Investors interpreted the proactive step as a positive signal of the company’s commitment to regulatory compliance and long-term stability, despite reverse splits often being viewed skeptically. The adjustment will not affect shareholders’ proportional ownership, with fractional shares rounded up to whole shares.