Intelligent Group shares fall 19.02% intraday after announcing 1-for-20 reverse stock split to comply with Nasdaq minimum bid price requirement.

Intelligent Group (INTJ) fell 19.02% intraday after announcing a 1-for-20 reverse stock split to comply with Nasdaq’s $1.00 minimum bid price requirement. The split, effective February 4, 2026, aims to address the company’s sub-$1 stock price and avoid delisting. While the move aligns with regulatory compliance, the market interpreted it as a sign of financial distress, as reverse splits often signal companies struggling to maintain listing standards. The adjustment, coupled with amended corporate governance documents effective January 16, 2026, reinforced investor concerns about the firm’s viability, triggering the sharp intraday decline.