NextNRG is trading 10.53% up at $0.30. The company announced a 100-for-1 reverse stock split on August 5, 2026, which will be effective at 12:01 a.m. ET on August 10, 2026.
- Shareholders had previously authorized the board for a reverse stock split, within a range of 1-for-5 to 1-for-12, on July 31, 2026, primarily to help meet Nasdaqβs $1.00 minimum-bid requirement.
- Every 100 existing shares will automatically be combined into one share.
- Broader risk-on sentiment after a weaker July jobs report, which showed the US losing 23,000 payrolls, may also be supporting small-cap growth stocks.