Nexentis Technologies Inc. 8-K

What Happened Nexentis Technologies Inc. (NXTS) announced that its board has effected a 1-for-7 reverse stock split of its common stock. The company filed a Certificate of Amendment on April 3, 2026, which becomes effective April 7, 2026 at 4:15 p.m. Eastern; the common stock will begin trading on a post-split basis on the Nasdaq Capital Market under the existing ticker "NXTS" at market open on April 8, 2026, but with a new CUSIP number.

The reverse split combines every seven (7) issued and outstanding shares into one (1) share without changing the $0.0001 par value. The number of outstanding shares will be reduced from 5,111,362 to approximately 730,309 (subject to rounding). The company says fractional shares will not be issued — fractional results will be rounded up to the next whole share — and proportionate adjustments will be made to outstanding equity awards, convertible notes, and warrants.

Key Details

• Reverse split ratio: 1-for-7 (board-selected within previously approved 1-for-2 to 1-for-150 range).
• Filing/effective dates: Certificate filed April 3, 2026; effective April 7, 2026 at 4:15 p.m. EDT; Nasdaq trading on post-split basis begins April 8, 2026.
• Outstanding shares: reduced from 5,111,362 to ~730,309 (subject to rounding); authorized common shares remain 495,000,000; authorized preferred remain 5,000,000.
• Mechanics: no change in par value; fractional shares rounded up; transfer agent Securities Transfer Corporation acting as exchange agent; equity awards, warrants and convertibles adjusted proportionately.

Why It Matters A reverse stock split reduces the number of outstanding shares and raises the per-share price without changing a holder’s proportional ownership (aside from minor rounding adjustments). For investors, this can affect share price levels, trading liquidity, and possibly compliance with Nasdaq listing standards or institutional investor thresholds. Adjustments to options, warrants and convertible instruments preserve their economic terms on a post-split basis.