NCT · Intercont (Cayman) Limited Ordinary shares

Intercont (Cayman) Limited is implementing a significant corporate action with a 25-for-1 reverse share split to address a critical compliance issue with Nasdaq listing requirements. The company's shares have fallen below the minimum $1.00 bid price threshold, triggering the need for this corrective measure that was pre-authorized by shareholders. This action represents a structural change to the company's capital structure, reducing the total number of authorized shares from one billion to forty million while adjusting the par value accordingly. The timing is strategic, with the split becoming effective on April 2, 2026, allowing the company to regain compliance with Nasdaq Marketplace Rule 5550(a)(2). For investors, this move aims to maintain the company's Nasdaq listing status, which is crucial for liquidity and market access, though it does not fundamentally alter the company's underlying business operations or financial position. The process is designed to be seamless for shareholders, with automatic adjustments for both registered and street-name holders, minimizing disruption while addressing the regulatory requirement.