Jubilant Flame International Announces 1-for-100 Reverse Share Split

What Happened
Jubilant Flame International, Ltd. (JFIL) filed an 8-K (Item 3.03) reporting that its board approved a 1-for-100 reverse share split on August 20, 2026, and majority shareholders approved the split by written consent the same day. The reverse split becomes effective on September 9, 2026. The company’s common stock will continue trading under the ticker "JFIL," with a "D" appended for the first 20 trading days after the effective date to indicate the split.

Key Details

• Reverse split ratio: 1-for-100 (every 100 issued shares combined into 1).
• Outstanding shares reduced from approximately 19.99 million to approximately 0.20 million.
• No fractional shares will be issued; shareholders who would otherwise receive a fraction will receive one full share (the "Round Up").
• New CUSIP for the common stock: 48127W205. Effective trading date: September 9, 2026.

Why It Matters
A reverse share split reduces the number of shares outstanding and proportionally increases the per-share price, while generally leaving each shareholder’s percentage ownership unchanged (subject to the Round Up provision). Investors should note the effective date, the temporary "D" marker on the ticker for 20 trading days, and the new CUSIP when trading or reviewing holdings after September 9, 2026.