Intercont to Reverse Split Shares 25:1 to Regain Nasdaq Compliance

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Monday, Sep 14, 2026 5:16 pm ET1min read

Intercont (Cayman) will conduct a 25-for-1 reverse stock split to regain Nasdaq compliance. The move aims to restore compliance with Nasdaq's $1 minimum bid price requirement. Starting September 17, 2026, shares will trade on a split-adjusted basis under the same NCTNCT-- ticker but with a new CUSIP. The company's issued Class A shares will fall from approximately 25.4 million to 1.02 million. Shareholders do not need to take any action, as brokerage accounts will be adjusted automatically.

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