Mobix Labs and NextPlat Announce 1-for-10 Reverse Stock Splits for Nasdaq Compliance

Mobix Labs (Nasdaq: MOBX) has announced that its board of directors approved a 1-for-10 reverse stock split of its Class A and Class B common stock. The semiconductor provider joins NextPlat Corp (NASDAQ: NXPL) in implementing share consolidation measures to regain compliance with Nasdaq’s listing rules. NextPlat recently filed an amendment to its certificate of incorporation in Nevada to finalize its own 1-for-10 reverse split. The effective date for NextPlat’s split is now set for prior to the market open on April 13, 2026, updating the previously anticipated timeline. These corporate maneuvers are designed to meet the minimum bid price requirement of 1 USD per share and avoid potential delisting. Market participants remain cautious as these small-cap firms consolidate shares to artificially boost market prices following recent stock volatility.