EL7.AI
StocksMediumUpdated×2•Originally published 11 September 2026•Updated 11 September 2026•
2 min read

New Fortress Energy Announces 1-for-50 Reverse Stock Split to Avoid Nasdaq Delisting

Key Facts

1New Fortress Energy announced the successful completion of its restructuring and recapitalization transaction under a consensual UK Restructuring Plan.
2The UK Restructuring Plan was approved on June 18, 2026, and received recognition from United States courts.

In a move aimed at protecting its market standing following its debt restructuring, New Fortress Energy has announced a 1-for-50 reverse stock split of its common shares. According to reports, this strategic step is primarily intended to increase the market price per share to regain compliance with Nasdaq's minimum bid price requirement. This decision follows the company's recent success in slashing its total debt from $5.7 billion to just $700 million.

These developments significantly strengthen the company's balance sheet through an international legal framework that has effectively eliminated approximately $5 billion in debt. Per market data, NFE shares closed at $0.3296 (close September 10, 2026), with the stock trading between a day low of $0.245 and a high of $0.35. This performance reflects investor reaction to the scale of the company's deleveraging prior to the implementation of the reverse split.

Traders are now monitoring the commencement of split-adjusted trading on September 14, 2026, with the stock positioned at $0.3296 (close September 10, 2026). According to the economic calendar, September 14 represents the primary upcoming catalyst for the stock, as the market awaits to see if this move will successfully attract institutional investors following the balance sheet cleanup. Focus remains on the stock's stability above required compliance levels in the period following the reverse split.