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.
Key figures
- New cusip
- 644393308
- Share class
- Class A common stock
- Trading halt
- prior to 8:00 p.m. Eastern Time on September 10, 2026
- Reverse split ratio
- 1-for-50
- Split adjusted trading start
- September 14, 2026
AI analysis
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