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DarkIris Sets 1-for-50 Reverse Stock Split Effective Oct. 22

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DarkIris Inc. (DKI) will consolidate its shares through a 1-for-50 reverse stock split scheduled to take effect on Oct. 22, 2026. Following the action, the company's Class A common stock will continue trading on Nasdaq under the ticker symbol DKI with a new CUSIP number, G2657S129. Shares of DarkIris Inc. declined 14.72% today to trade at $0.0533.

The reverse split will significantly reduce the number of outstanding Class A shares to approximately 934,625. Under the structure of the consolidation, any fractional share positions will be rounded up to the nearest whole share. Additionally, all outstanding stock options and warrants will undergo proportional adjustments to maintain their value without altering equity ownership terms.

Investors will monitor how trading unfolds following the effective date of Oct. 22, 2026. A substantially reduced share float can lead to heightened price volatility in public markets. Market participants will also watch for subsequent corporate developments regarding financial health, operational revenue, and ongoing Nasdaq exchange listing requirements.

Key points

  • DarkIris Inc. (DKI) will implement a 1-for-50 reverse share split effective Oct. 22, 2026.
  • Post-split Class A shares will decrease to approximately 934,625 with fractional shares rounded up.
  • The stock will continue trading on Nasdaq under ticker DKI with new CUSIP G2657S129.
  • All outstanding options and warrants will be adjusted proportionally.
  • DarkIris Inc. shares dropped 14.72% today to $0.0533.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

When will the DarkIris Inc. reverse stock split take effect?

The 1-for-50 reverse stock split for DarkIris Inc. is scheduled to take effect on Oct. 22, 2026.

What is the new share count for DarkIris Inc. after the split?

DarkIris Inc. will have approximately 934,625 post-split Class A shares outstanding, with fractional shares rounded up to whole shares.

Will the ticker symbol or exchange change for DarkIris Inc.?

No, DarkIris Inc. will continue trading on Nasdaq under the ticker symbol DKI, though it will receive a new CUSIP number, G2657S129.