Intercont (Cayman) Limited has officially announced the specific effective date of its share consolidation (i.e., reverse stock split).

The purpose of this capital structure adjustment is to enable the company to once again meet the continued listing standards of the Nasdaq market. By implementing the reverse stock split, the company aims to increase its per-share price to satisfy the exchange's minimum quote requirement. This move is a key step taken by Intercont to maintain its listing qualification.