Toppoint Holdings Inc. filed a Form 8-K on November 12, 2026, disclosing that NYSE American notified the company on November 10, 2026 of a non-compliance determination and a trading halt due to its stock selling at a low price per share for a substantial period of time.

Key Highlights

  • Delisting notice received: NYSE American informed Toppoint Holdings on November 10, 2026, via telephone that the company is not in compliance with Section 1003(f)(v) of the NYSE American Company Guide.
  • Trading halted: NYSE American halted trading of the company's common stock and stated the halt would continue until the company implements a reverse stock split.
  • Stockholder-approved ratio range: At the September 8, 2026 annual meeting, stockholders approved a reverse stock split at a ratio of 1-for-2 to 1-for-900, with the specific ratio left to the Board's discretion.
  • Board selects 1-for-5 ratio: On November 11, 2026, the Board approved a 1-for-5 reverse stock split.
  • Target implementation date: The company disclosed it seeks to effect the reverse split by November 23, 2026, or as soon as possible thereafter.

Toppoint Holdings Discloses Trading Halt and Steps to Restore Compliance

According to the filing, NYSE American LLC notified Toppoint Holdings Inc. (NYSE American:TOPP) on November 10, 2026, that the company's common stock had been selling at a low price per share for a substantial period of time, placing it out of compliance with Section 1003(f)(v) of the NYSE American Company Guide. The exchange simultaneously halted trading of the company's common stock and stated that the halt would remain in effect until the company implements a reverse stock split.

The filing disclosed that the company's stockholders had already granted authority for a reverse stock split at the annual meeting held on September 8, 2026, approving a ratio range of 1-for-2 to 1-for-900, with the final ratio to be determined by the Board of Directors. On November 11, 2026, the Board exercised that authority by approving a 1-for-5 reverse stock split, which the company referred to as the "Reverse Split." The company stated it is in the process of implementing the Reverse Split and is seeking to complete it by November 23, 2026, or as soon as possible thereafter.

The filing noted that the report contains forward-looking statements, including those related to the company's ability to maintain its listing on NYSE American and the effect of the Reverse Split on the company's stock price, and that "actual results may differ materially from those expressed or implied by such forward-looking statements."

What Was Disclosed

Toppoint Holdings disclosed a non-compliance notice and trading halt from NYSE American due to low stock price, the Board's approval of a 1-for-5 reverse stock split on November 11, 2026, and the company's intent to complete the split by November 23, 2026.