Ridgetech surges 100% on 1-for-150 reverse split

Ridgetech (RDGT) stock surged over 109% ahead of a 150-to-1 reverse stock split effective after Tuesday's close. The consolidation will reduce shares from 134.8 million to fewer than 1 million, aimed at maintaining Nasdaq compliance. This move supports the company's 2026 turnaround strategy to reshape its market profile.

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