Nightfood Holdings Inc., which does business as TechForce Robotics, announced the completion of a 1-for-150 reverse stock split effective Oct. 20, 2026, reducing its outstanding common shares from approximately 543.9 million to 3.6 million. The move is intended to increase the per-share trading price and support the company’s efforts to meet the initial listing requirements of the Nasdaq Capital Market.
The company’s shares began trading on a split-adjusted basis under the temporary symbol NGTFD on Oct. 20 and will revert to NGTF after 20 trading days. The reverse split applies proportionately to all shareholders, with fractional shares rounded up to the next whole share, and does not change the number of authorized shares. According to the announcement, the split is part of a broader uplisting process that remains subject to Nasdaq review, satisfaction of all applicable requirements and final approval.
Nightfood has submitted a Nasdaq listing application and is working to satisfy applicable standards related to share price, public float, liquidity, shareholder distribution and corporate governance. CEO Jimmy Chan described the split as another milestone in the company’s uplisting process. The completion of the reverse split matters because a higher share price and a smaller share count can help a company meet the minimum bid price and other quantitative thresholds that Nasdaq requires for initial listing, though the company acknowledged that approval is not guaranteed.
Nightfood Holdings, doing business as TechForce Robotics, is an advanced robotics and automation company focused on delivering intelligent, scalable solutions for industrial and commercial applications. The company integrates robotics, artificial intelligence and software-driven systems to optimize operations, improve efficiency and enable next-generation automation. It partners with organizations to design and deploy customized robotic solutions that address evolving operational requirements. The company’s shares are currently quoted on the OTCQB under the ticker NGTF, and the temporary symbol NGTFD will be used during the 20-day post-split period.
For investors, the reverse split is a structural change rather than a change in underlying value: the proportional ownership of each shareholder remains the same, apart from minor adjustments for fractional shares. The key implication is whether the higher per-share price and reduced share count will help the company satisfy Nasdaq’s listing standards. The company has not provided a timeline for Nasdaq’s review or a guarantee that its application will be approved. The full press release is available at https://ibn.fm/BOPxb, and the latest news and updates relating to NGTF are available in the company’s newsroom at http://ibn.fm/NGTF.
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