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Ridgetech, Inc. (NASDAQ:RDGT) shares are facing intense downward pressure during Friday’s trading session. The volatility follows a massive 1-for-150 reverse stock split. This corporate action became effective after the market closed on Tuesday.
Massive Share Consolidation
The reverse split significantly altered the company’s capital structure. The move reduced outstanding shares from 134.8 million to approximately 898,906. While the stock appeared to surge earlier this week due to price adjustments, it has since retreated.
Dual-Engine Growth Strategy
The decline follows Ridgetech’s recent disclosure of its 2026
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