SplitJun 5, 2026, 09:01 AM
All In FutureTech Alliance Approves 1-for-6 Reverse Stock Split
AI Summary
All In FutureTech Alliance, Inc. (AIFA) announced that stockholders approved a proposal to authorize a reverse stock split. The Board subsequently approved a 1-for-6 reverse stock split, effective June 11, 2026, with split-adjusted trading beginning June 12, 2026. This action is intended to help the company regain and maintain compliance with Nasdaq's minimum bid price requirement, reducing outstanding shares from approximately 38.3 million to 6.4 million.
Key Highlights
- Stockholders approved the reverse stock split proposal by approximately 99% of votes cast.
- The Board approved a 1-for-6 reverse stock split ratio.
- The Reverse Stock Split is expected to become effective on June 11, 2026, at 5:01 p.m. Eastern Time.
- Shares of Common Stock are expected to begin trading on a split-adjusted basis on June 12, 2026.
- Outstanding shares will reduce from approximately 38.3 million to approximately 6.4 million.
- The primary purpose is to regain and maintain compliance with Nasdaq's minimum bid price requirement.
- Any fractional shares will be rounded up to the nearest whole share.
Price Impact
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