🔴 NextNRG is trading 22.43% down after announcing a 1-for-10 reverse stock split

NextNRG is trading at $0.40, down 22.43%, after announcing a 1-for-10 reverse stock split effective October 30.

• The split will combine every 10 shares into one, reducing outstanding shares from approximately 16.84 million to 1.68 million.
• The announcement follows Nasdaq’s delisting determination after the company failed to regain compliance with the minimum bid-price requirement; coverage links the split news to the selloff.