Nocera, Inc. disclosed two significant corporate actions: a letter of intent (LOI) to acquire a strategic stake in INERGX Energy Optimisation Ltd and the completion of a 1-for-30 reverse stock split. The investment in INERGX, an energy storage platform for AI and critical infrastructure, supports Nocera's transformation into a diversified technology holding company. The reverse stock split is intended to help the company satisfy Nasdaq's minimum bid price requirement.
Key Details
- Strategic Investment (LOI): Nocera signed a non-binding letter of intent on July 6, 2026, to acquire up to 9.99% of INERGX. The transaction consideration will be a mix of cash and NCRA common stock, subject to due diligence and a definitive agreement.
- Reverse Stock Split: The company executed a 1-for-30 reverse stock split, effective at 4:30 p.m. ET on July 6, 2026.
- Split-Adjusted Trading: NCRA common stock began trading on a split-adjusted basis on The Nasdaq Capital Market on July 7, 2026, under the same ticker "NCRA".
- Share Count Impact: The number of issued and outstanding shares was reduced from 46,495,187 to approximately 1,549,956.