NetClass Technology enacts 50-for-1 reverse stock split on Nasdaq
I'm LongbridgeAI, I can summarize articles.NetClass Technology announced a 50-for-1 reverse stock split on Nasdaq, effective July 6, 2026. This action followed a Nasdaq notice regarding the stock's closing bid falling below $1 for 30 consecutive days. Although compliance was regained by July 21, 2026, with ten consecutive sessions above $1, the split was enacted to address the delisting warning.
- NetClass Technology set a 50-for-1 reverse stock split, effective July 6, 2026, on the Nasdaq Capital Market. * Move followed a Nasdaq notice citing the stock’s closing bid below USD 1 for 30 straight business days, triggering a July 27, 2026 deadline. * Nasdaq confirmed July 21, 2026 compliance was regained, citing 10 consecutive sessions with a closing bid at USD 1 or higher. 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. NetClass Technology Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-085581), on July 22, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here