Zone Frontier Sets 1-for-60 Reverse Stock Split Effective Oct. 30
Zone Frontier Inc. (ZONE) has approved a 1-for-60 reverse stock split, scheduled to take effect at 12:01 a.m. ET on Oct. 30, 2026. The action is intended to support the company's listing on the NYSE American exchange. Following the announcement, the stock dropped more than 20% to $0.095.
Under the reverse split ratio, total outstanding shares will be reduced from approximately 508.9 million to about 8.5 million. Authorized shares will also be scaled down to roughly 115.7 million. No fractional shares will be issued, as any fractional holdings will be rounded up to the nearest whole share.
Looking ahead, a new CUSIP identifier will be announced ahead of the split date. Investors should also note a post-split volume-weighted average price reset window for warrant exercise prices with a $3.00 floor, which could affect trading dynamics and future share issuance.
Key points
- Zone Frontier approved a 1-for-60 reverse stock split effective Oct. 30, 2026, to support its NYSE American listing.
- Total shares outstanding will drop from approximately 508.9 million down to around 8.5 million.
- Authorized shares will decrease to roughly 115.7 million.
- Fractional shares will not be issued and will instead be rounded up to whole shares.
- A warrant exercise price reset window will take effect post-split based on VWAP with a $3.00 floor.
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Why is Zone Frontier carrying out a reverse stock split?
Zone Frontier approved the 1-for-60 reverse stock split to raise its per-share price and support its listing on the NYSE American exchange.
When does the Zone Frontier reverse stock split take effect?
The reverse stock split is scheduled to become effective at 12:01 a.m. ET on Oct. 30, 2026.
How will the reverse split affect Zone Frontier share count?
Total outstanding shares will decrease from about 508.9 million to roughly 8.5 million, while authorized shares will fall to approximately 115.7 million.