New York, April 13, 2026, 07:03 EDT
Nasdaq names set for reverse splits Monday include NextPlat, MultiSensor AI, Cenntro, and Quince Therapeutics. The split roster for April 13-17 has flipped from last week’s action, which featured forward splits at Booking Holdings and Powell Industries.
The difference is key: forward splits drop the per-share price to make shares more accessible, while reverse splits do the opposite—reducing share count and boosting price, yet leaving market value untouched. Under Nasdaq rules, any stock sitting below $1 for 30 business days straight risks noncompliance, and to get back in line, it needs to log a $1 bid or higher for at least 10 business days.
The gap keeps stretching. Reuters said in November that by the end of October 2025, companies had logged 288 reverse splits—a record—compared to just 53 traditional splits. Almost 80% of those executing reverse splits had market caps under $250 million. Flagstar Bank CIO Brett Mitstifer told Reuters that “slower earnings growth and higher funding costs” are ratcheting up the pressure on smaller players. Christine Short, who leads research at Wall Street Horizon, pointed out that splits may sometimes lift a company’s profile enough to “bring it back into the fold.” Reuters
Nasdaq’s latest corporate-action updates: NextPlat goes 1-for-10 on Monday, MultiSensor AI opts for a 1-for-40 split, and Cenntro moves to 1-for-60. Quince, in a filing dated April 9, also signed off on a 1-for-10 reverse split—its shares are set to begin trading split-adjusted as soon as the market opens Monday.
Reverse splits land Monday for Huachen AI Parking, Skycorp Solar, Akanda, WF Holding, and 707 Cayman. The terms: Akanda goes 1-for-4.5, WF Holding 1-for-5, while both Skycorp and 707 Cayman will trade 1-for-20. Huachen tops the list with the steepest, 1-for-30.
Last week brought a different set of outliers. Booking announced its 25-for-1 forward split took effect April 2, with shares trading on a split-adjusted basis beginning April 6. Powell, which is going with a 3-for-1 split, also planned to launch the new shares April 6. CEO Brett Cope pointed to “continued strong performance and confidence in our growth outlook” as reasons for the move, adding that the split aims to boost access and liquidity. SEC
India’s Pashupati Cotspin set April 17 as the record date for its 10-for-1 stock split, slicing every 10-rupee share into 10 pieces at 1 rupee apiece. The National Stock Exchange of India confirmed the change, saying the new face value kicks in that same day.
Even with shares trading higher, Cenntro’s core business remains unchanged. The company warned there’s “no assurance” it can achieve or keep its Nasdaq listing following the split. Back in March, Quince also acknowledged a Nasdaq notice related to the market value of its securities. Business Wire
Reverse splits may buy issuers more time, but clearing the paperwork is just the start. Nasdaq still wants to see a $1 bid price for at least 10 straight business days within the compliance window. So this week’s moves by companies aren’t a finish line—just the next obstacle.
