New Fortress Energy Inc.

New Fortress Energy Inc. Announces Update on Reverse Stock Split

NFE's previously announced 1-for-50 reverse stock split of its Class A common stock takes effect this week, with trading halted before 8:00 p.m. ET on September 10 and split-adjusted trading on the Nasdaq Global Select Market expected to begin September 14 under the existing ticker. The split-adjusted shares will carry a new CUSIP (644393308), and effectiveness is subject to and contingent upon completion of the company's ongoing restructuring transaction. The company itself warns the split may not produce a sustained share-price increase, may reduce trading liquidity, and may not restore compliance with Nasdaq's minimum bid price requirement — a ratio this deep is a classic distress marker.

•1mo ago

New Fortress Energy Inc. Announces Reverse Stock Split

New Fortress Energy's board approved a 1-for-50 reverse stock split of its Class A common stock, effective at 8:30 a.m. ET on September 11, 2026, with split-adjusted trading under the existing NFE ticker and new CUSIP 644393308. The split is intended to lift the per-share price enough to regain compliance with Nasdaq's minimum bid price requirement for continued listing on the Global Select Market; stockholders approved it at the June 17, 2026 annual meeting. Outstanding shares drop from roughly 285.6 million to about 5.7 million, with fractional shares cashed out by transfer agent Equiniti Trust Company and proportionate adjustments made to equity awards and convertible securities. Notably, the split is contingent on completion of the company's ongoing restructuring transaction, and the company warns it may not restore compliance or sustain a higher share price.

•1mo ago

New Fortress Energy Announces Commitments for $885 Million Senior Secured Notes Offering by NFE Brazil Financing Limited

businesswire.com•5mo ago