Dividends & Buybacks ·
Intercont (Cayman) implements 8-for-1 reverse share split effective November 16
NCTIntercont (Cayman) Ltd
Intercont (Cayman) Limited announced the implementation of an 8-for-1 reverse share split, effective as of November 16, 2026. The consolidation reduces issued Class A ordinary shares from approximately 16.3 million to roughly 2.04 million and decreases authorized shares from 3.2 billion to 400 million. Par value per share increases from $0.0625 to $0.50, while the trading symbol remains NCT on the Nasdaq Capital Market. The company states the move aims to mitigate market manipulation risks associated with low-priced securities and stabilize its trading profile. Intercont (Cayman) Limited is a global shipping enterprise focused on seaborne pulping operations.