Nightfood Holdings Clarifies Reverse Stock Split Authorization for Potential Exchange Listing

Nightfood Holdings Inc. (OTCQB: NGTF) has issued a letter to shareholders to clarify its recently filed Preliminary Schedule 14C Information Statement concerning authorization for a potential reverse stock split. The company's board of directors and majority stockholder have approved authorization for the board to effect a reverse split within a range of 1-for-150 to 1-for-250. This authorization is tied to a potential listing on a national securities exchange, a move that could enhance the company's visibility and access to capital markets.

In the letter, Nightfood emphasized that the authorization does not mean a reverse split will necessarily occur. The board retains discretion to determine whether and when to implement a reverse split, and to select a specific ratio based on market conditions and the company's trading price at that time. The board may also abandon the action entirely if deemed not in the best interest of shareholders. This flexibility allows Nightfood to adapt to evolving market dynamics without committing to a specific course of action prematurely.

The clarification comes as Nightfood, doing business as TechForce Robotics, focuses on AI-driven robotics, enterprise automation, hospitality automation, pharmaceutical automation, and advanced-technology commercialization. The company is building a diversified automation platform through strategic acquisitions, partnerships, and technology-development initiatives, serving multiple high-growth industries. A potential listing on a national exchange could provide greater liquidity and attract a broader investor base, supporting these growth initiatives.

For more details, the full press release is available at https://ibn.fm/DXOVA. Investors seeking the latest news and updates on NGTF can visit the company’s newsroom at http://ibn.fm/NGTF.