SANGRIX INC. announced a 1-for-8 reverse stock split effective November 16, 2026, consolidating every eight shares into one. This move will reduce the outstanding Class A shares from about 4 million to roughly 500,000 and Class B shares from about 96,000 to 12,000. The company aims to maintain its Nasdaq listing and adjust its share structure, including authorized shares and par value. This reverse split is part of SANGRIX's ongoing efforts to comply with Nasdaq standards and support its AI and digital infrastructure business growth.
SANGRIX INC.'s announcement of a 1-for-8 reverse stock split provides context for market watchers. For readers following the Technology sector, here is Pluang's market snapshot as of Nov 12, 2026 19:13 WIB: out of 150 priced US technology stocks, 25 rose and 122 fell. Notable movers include CIFR at USD 6.70 with a 1-day change of -5.84% and a typical hold time on Pluang of 17 days, SMCI at USD 28.68 down 5.75% with a 22-day hold time, and MSTR at USD 115.69 down 5.44% with a 116-day hold time. Pluang order activity shows a strong buy interest in these names, especially SMCI and MSTR with 90% buy orders.
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