Nightfood Holdings Inc. (OTCQB: NGTF), operating as TechForce Robotics, announced the completion of a 1-for-150 reverse stock split effective October 20, 2026. The move reduces the company's outstanding common shares from approximately 543.9 million to 3.6 million, a significant restructuring aimed at elevating the per-share trading price to satisfy Nasdaq's initial listing standards.
The reverse split, which applies proportionately to all shareholders, does not alter the number of authorized shares. Fractional shares will be rounded up to the next whole share. The company's shares began trading on a split-adjusted basis under the temporary symbol NGTFD on October 20 and will revert to NGTF after 20 trading days. This temporary ticker change is a standard procedural step following such corporate actions.
This development is critical for Nightfood because it directly addresses one of Nasdaq's key listing requirements: a minimum bid price. By increasing the per-share price, the company aims to meet the exchange's threshold, which is typically $4 per share for initial listing. The reverse split is thus a foundational step in Nightfood's broader effort to uplist to the Nasdaq Capital Market, a move that could enhance liquidity, broaden the investor base, and increase visibility among institutional investors.
Nightfood has already submitted a Nasdaq listing application and is working to satisfy all applicable standards, including share price, public float, liquidity, shareholder distribution, and corporate governance. CEO Jimmy Chan described the split as another milestone in the company's uplisting process, which remains subject to Nasdaq review, satisfaction of all requirements, and final approval. The uplisting, if approved, would mark a significant transition for Nightfood, potentially providing greater access to capital and credibility in the public markets.
Investors can view the full press release at https://ibn.fm/BOPxb and stay updated on the company's latest news and updates through its newsroom at http://ibn.fm/NGTF. For comprehensive coverage of technology-driven companies like Nightfood, visit TechMediaWire, a specialized communications platform that is part of the Dynamic Brand Portfolio at IBN. TechMediaWire provides access to a vast network of wire solutions via InvestorWire and offers corporate communications solutions tailored to the needs of public and private companies.
