Toppoint Holdings Announces 1-for-5 Reverse Stock Split to Address NYSE Listing

Toppoint Holdings Inc. (NYSE American: TOPP) announced on November 13, 2026, that its Board of Directors has approved a one-for-five reverse stock split of its common stock. The company stated that this action was taken pursuant to authority granted by stockholders at the annual meeting held on September 8, 2026.

The reverse split is intended to address a trading halt on the NYSE American. The exchange halted trading in the company's common stock on November 10, 2026, due to an abnormally low trading price. Toppoint indicated that it is proceeding with the split to restore the per-share price to a level appropriate for continued listing on the exchange.

The reverse split is expected to become effective at 12:01 a.m. Eastern Time on November 23, 2026. The company anticipates that trading will resume on a split-adjusted basis on that same date, subject to authorization from NYSE American. The company will file a Certificate of Amendment to its Certificate of Incorporation with the Delaware Secretary of State to effect the change.

Under the terms of the split, every five shares of common stock issued and outstanding will be combined into one share. The company noted that the reverse split will affect all stockholders uniformly and will not alter any stockholder's percentage ownership interest, except regarding the treatment of fractional shares. No fractional shares will be issued; instead, the company will round up to the nearest whole number at the participant level.

As of November 13, 2026, Toppoint reported 24,700,000 shares of common stock issued and outstanding. Immediately following the reverse split, the company expects to have approximately 4,940,000 shares issued and outstanding, subject to adjustments for the rounding of fractional shares. The company's trading symbol will remain "TOPP," and the common stock is expected to trade under a new CUSIP number, 89078D 200.

Toppoint Holdings Inc. is a truckload services provider focused on the recycling export supply chain, with operations in the New Jersey and Pennsylvania region and additional markets in Florida, Maryland, and Texas.