The Nasdaq-listed company is carrying out its second reverse split in less than 11 months after its outstanding share count expanded to 147,296,192 by June 30.
Next Technology Holding Inc. plans a 1-for-100 reverse stock split effective at 12:01 a.m. ET on Aug. 10, 2026, with Nasdaq trading expected to begin on a split-adjusted basis that morning. An Aug. 5 filing said the company’s outstanding common shares are projected to drop from about 147,296,192 to about 1,472,962. The move comes less than 11 months after a 1-for-200 reverse split that took effect on Sept. 16, 2025. Since that earlier reverse split, the company’s share count rebuilt rapidly through equity-plan grants, a registered direct offering, and pre-funded warrant exercises (warrants paid for in advance and usually exercisable later). Company filings show some small differences in post-split share totals that were not reconciled. Next Technology also reported approximately 5,833 BTC at June 30, the same approximate level as Sept. 30, while Bitcoin per share fell sharply as the number of shares rose. The company said a 7.98 million-share reserve under its 2025 Equity Incentive Plan will remain untouched by the split, even though that reserve is several times larger than the projected post-split share count. The filing gave no reason for the reverse split and did not mention any new Nasdaq deficiency.