NFT Ltd. Announces 1‑for‑80 Reverse Share Split Effective May 18, 2026

NFT Ltd. (NYSE American: MI) disclosed that its board approved a 1‑for‑80 reverse share split of both Class A and Class B ordinary shares, with the transaction slated to become effective on or about May 18, 2026 [2].

Key takeaways

• The reverse split consolidates roughly 18.48 million Class A shares into about 231 000 new shares [2].
• Each new share will have a par value of $0.04, and the NYSE American ticker will remain “MI” with a new CUSIP G6363T123 [2].
• Fractional shares will be rounded up to the nearest whole share, mitigating minor dilution for very small holders [3].
• The split follows shareholder approval on April 17, 2026 for a potential 1‑for‑200 ratio and board authorization on April 23, 2026 [2].
• Post‑split, the company’s market price is expected to be roughly eighty times the pre‑split price, though the company makes no guarantee the price will hold [4].

Board approval and mechanics of the reverse split

On April 23, 2026 the NFT Ltd. board formally approved a 1‑for‑80 reverse split of its Class A and Class B ordinary shares, after shareholders had previously approved a split of up to 1‑for‑200 on April 17, 2026 [2]. Under the approved terms, shareholders will receive one new ordinary share for every eighty shares they currently own. The company reported approximately 18,478,875 Class A shares outstanding and zero Class B shares before the consolidation; after the split, the outstanding count is expected to fall to about 230,986 Class A shares, with Class B remaining at zero [3].

The transaction will also adjust the share’s par value to $0.04 and assign a new CUSIP number (G6363T123) while retaining the “MI” ticker on the NYSE American exchange [2]. VStock Transfer LLC will serve as the transfer agent, handling the exchange of any physical certificates and issuing new share certificates to shareholders of record [4]. Fractional shares that arise from the consolidation will be rounded up to the nearest whole share, a provision noted by both the investing.com and cryptonews reports [2][3].

Market context and expectations

At the time of the announcement, NFT Ltd.’s shares were trading around $0.24, just above their 52‑week low of $0.23, and the company’s market capitalization stood at roughly $4.48 million [2]. The reverse split is intended to increase the per‑share price by approximately eightyfold, though the company cautions that it cannot guarantee the post‑split price will reflect the split ratio or remain above pre‑split levels [4]. Recent performance data show a 94 % decline in both six‑month price return and year‑to‑date price, underscoring the challenging market environment the company faces [2].

Why it matters

The reverse split fundamentally reshapes NFT Ltd.’s capital structure, concentrating the share float and potentially improving liquidity and investor perception by moving the stock out of the sub‑penny range. While the split does not alter the total market value of existing holdings, the higher per‑share price may make the stock more attractive to certain institutional investors and could affect trading dynamics on the NYSE American. Investors should monitor the May 18 trading debut for price behavior and confirm that their brokerage statements reflect the adjusted share count and any rounded‑up fractional shares. Continued scrutiny of the company’s financial performance—currently showing negative net income and EPS—will be essential as the market assesses the impact of the restructuring.