PRF Technologies shares surge 10.12% premarket after announcing 1-for-5 reverse share split.

PRF Technologies surged 10.12% in premarket trading following the announcement of a 1-for-5 reverse share split, effective on the Nasdaq. The move, disclosed in three separate reports, involves consolidating the company’s ordinary shares, a corporate action often undertaken to align with exchange requirements or enhance per-share value. While reverse splits can signal financial distress, the sharp premarket rally suggests investor optimism, potentially interpreting the restructuring as a strategic step to stabilize or elevate the stock’s market profile. The lack of additional content in the news summaries limits further context, but the timing of the price jump aligns closely with the disclosed event.