Shares of All In FutureTech Alliance Inc. fell roughly 9% in premarket trading on Friday after the company's board signed off on a 1-for-6 reverse stock split.
The board's decision followed stockholder approval at a Special Meeting held on June 1, 2026. The reverse split is slated to become effective on June 11, 2026, at 5:01 p.m. Eastern Time. Trading in the company's shares on a split-adjusted basis is expected to begin on June 12, 2026.
According to the company's filings, the reverse split will cut the number of outstanding shares from approximately 38.3 million to about 6.4 million, subject to customary rounding adjustments. The company said it will not issue fractional shares; any fractional interests that would result from the split will be rounded up to the nearest whole share.
All In FutureTech Alliance indicated the reverse split is being implemented to regain compliance with Nasdaq's minimum bid price requirement. The company received a notice from Nasdaq on May 11, 2026, informing it of noncompliance with that listing standard.
At the Special Meeting, roughly 99% of votes cast supported an amendment to the company's certificate of incorporation. That amendment grants the board authority to carry out a reverse stock split at any ratio within a range from 1-for-2 to 1-for-25, leaving the precise ratio to the board's discretion. The board selected a 1-for-6 ratio under that authorized range.
Chairman and Chief Executive Officer James Li said the shareholder-approved amendment and the board's subsequent selection of the 1-for-6 ratio provide the company with additional flexibility as it responds to the Nasdaq notice while continuing to pursue its strategic initiatives.
The company also stated it will keep evaluating and pursuing other measures intended to support its capital markets positioning, strategic development, and continued listing status. The filing points readers to the company's definitive proxy statement, which was submitted to the Securities and Exchange Commission on May 21, 2026, for further details.
This corporate action and the Nasdaq notice are explicitly cited by the company as the drivers of the reverse split. The market reaction in premarket trading reflected investor response to those developments.
Summary of event: Board approves 1-for-6 reverse split after shareholder authorization; effective June 11, 2026; trading split-adjusted from June 12, 2026. Action intended to address Nasdaq minimum bid price noncompliance.