New Fortress Energy announces 1-for-50 reverse stock split effective Sept. 11
Reuters2026/09/09 16:23Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- New Fortress Energy will execute a 1-for-50 reverse stock split of its Class A common stock.
- Split set to take effect at 8:30 a.m. ET on Sept. 11, 2026; shares to trade split-adjusted the same day under NFE.
- Move targets Nasdaq minimum bid-price compliance; split-adjusted trading remains contingent on completion of an ongoing restructuring transaction.
- Outstanding share count would drop to about 5,712,693 from about 285,634,650, based on a July 31, 2026 reference point.
- Fractional shares will be cashed out; equity awards and convertible securities will be adjusted to reflect the split.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. New Fortress Energy Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202609091215BIZWIRE_USPR_____20260909_BW834628) on September 09, 2026, and is solely responsible for the information contained therein.
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