Nightfood Holdings Inc. (OTCQB: NGTF), which operates as TechForce Robotics, has completed a 1-for-150 reverse stock split effective Oct. 20, 2026, reducing its outstanding common shares from approximately 543.9 million to 3.6 million. The move is a strategic step aimed at increasing the company’s per-share trading price to help it meet the initial listing requirements of the Nasdaq Capital Market.
The reverse split applies proportionately to all shareholders, with fractional shares rounded up to the next whole share, and does not change the number of authorized shares. The company’s shares began trading on a split-adjusted basis under the temporary symbol NGTFD on Oct. 20 and will revert to NGTF after 20 trading days.
Why does this matter? A reverse split is often a prerequisite for companies seeking to uplist from the OTC markets to a major exchange like Nasdaq, which has minimum share price and other quantitative standards. Nightfood has submitted a Nasdaq listing application and is working to satisfy applicable standards related to share price, public float, liquidity, shareholder distribution and corporate governance. CEO Jimmy Chan described the split as another milestone in the company’s uplisting process, which remains subject to Nasdaq review, satisfaction of all applicable requirements and final approval.
For investors, the completion of the reverse split signals that Nightfood is advancing its efforts to elevate its market profile and potentially attract a broader base of institutional and retail investors. A Nasdaq listing could improve liquidity and visibility for the company, which focuses on advanced robotics and automation solutions for industrial and commercial applications. TechForce Robotics integrates robotics, artificial intelligence and software-driven systems to optimize operations and enable next-generation automation.
The company also formed TechForce Advanced Manufacturing Inc., a Nevada corporation aimed at developing, manufacturing and supporting semiconductor automation and inspection systems. Its initial focus includes expanding Wafer Sorter and AOI production for wafer-based semiconductor and CoWoS-related advanced-packaging applications.
As Nightfood pursues its Nasdaq ambitions, the reverse split represents a critical structural adjustment that aligns its share price with exchange requirements. However, the uplisting remains contingent on Nasdaq’s review and the company’s ability to meet all listing criteria. Investors can stay informed on the company’s progress through its newsroom at http://ibn.fm/NGTF and access the full press release at https://ibn.fm/BOPxb.
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