Intercont (Cayman) Limited Ordinary shares
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $1.7M
- Price
- $1.65
- % Change (Daily % change from the live per-ticker quote feed.)
- +8.55%
- Volume
- 8.2M
About
Intercont manages a global maritime shipping enterprise through its subsidiaries, with its activities divided into two main service areas: time chartering and vessel management. As of September 27, 2024, the company's fleet comprises four vessels, including one owned outright and three leased, which collectively provide a cargo carrying capacity of 217,191 deadweight tons (dwt). The company also has strategic plans to diversify its operations by establishing a seaborne pulping business via its Singapore-based subsidiary, Openwindow, with a projected launch by the first quarter of 2025.
Quick stats
Shares outstanding1.0M
Computed float377.5K
Float / shares37.1%
Cash runway (months)25.3
Key info
SectorIndustrials
IndustryMarine Shipping
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002018529
AI Summary
AI-generated1/4
majorbearishreverse split
Intercont (Cayman) Limited Announces Effective Time of Share Consolidation/Reverse Share Splitto Regain NASDAQ Compliance
Intercont (Cayman) Limited will effect a 25-for-1 reverse share split of its Class A ordinary shares effective September 17, 2026, in order to regain compliance with Nasdaq's minimum $1.00 bid price requirement under Marketplace Rule 5550(a)(2).
Issued Class A shares fall from 25,437,740 to 1,017,510, authorized Class A shares drop from 80 billion to 3.2 billion, and par value rises from $0.0025 to $0.0625 per share; authorized Class B shares are unchanged.
Shareholders take no action — Transhare Corporation serves as exchange agent, brokerage positions adjust automatically, and fractional shares are rounded up at the beneficial holder level.
The board retained authority for ratios up to 1000-for-1, and the sheer size of the 25-for-1 consolidation underscores that the stock has traded well below $1.00, leaving persistent listing-compliance risk if the post-split price cannot hold above the threshold.
Red flags
- Reverse split executed to cure a Nasdaq minimum bid price deficiency — active listing-compliance risk
- 25-for-1 consolidation is a very large ratio, signaling severe share-price erosion
- Delisting risk remains if the post-split share price fails to sustain above $1.00