Capital B Unveils Timeline and Key Details for 10-for-1 Reverse Stock Split

A 10-for-1 reverse stock split will reduce Capital B’s outstanding shares while leaving shareholder value unchanged.

French bitcoin treasury company Capital B has approved a 10-for-1 reverse stock split as part of its plan to attract a broader range of investors. Management said the move is intended to support the firm’s institutional development without changing the total value of shareholders’ investments. Trading under the new share structure will begin in early September following the completion of the process.

Capital B Sets Reverse Stock Split Dates as Share Consolidation Nears

In a release, Capital B said its board approved the reverse stock split on July 17, following shareholder authorization at the company’s June 17 annual meeting. Under the plan, every 10 existing ordinary shares will be exchanged for one new ordinary share. Company executives described the transaction as a technical adjustment that will not change the total value of shares held by investors. While shareholders will own fewer shares after the consolidation, each new share will represent a proportionally larger ownership stake.

🟠 Capital B announces a reverse stock split at a ratio of 10 existing shares for 1 new share⚡️

Full Press Release (EN): https://t.co/E3Upo3SbVI

Full Press Release (FR): https://t.co/6WDKa89k8N

BTC Strategy (EN): https://t.co/P5j3GA76kt pic.twitter.com/6yZYaFUhAS

— Capital B (@_ALCPB) July 20, 2026

According to the announced timetable, the reverse stock split period will run from Aug. 6 through Sept. 7, 2026. Existing shares will be automatically exchanged for new shares on Sept. 8 without requiring action from shareholders whose holdings are already multiples of 10.

Investors holding share counts that are not divisible by 10 have until Sept. 7 to buy or sell shares to reach a whole-number position. Anyone who does not adjust their holdings will receive cash compensation for the remaining fractional entitlement through their financial intermediary. Payments related to fractional shares are scheduled to begin on Sept. 14. Financial intermediaries will sell new shares representing aggregated fractional interests on the market before distributing proceeds proportionally to affected shareholders.

Existing Shares to Stop Trading on Sept. 7 Ahead of Consolidation

Capital B also confirmed that Sept. 7 will be the final trading day for its existing shares on Euronext Growth Paris. Trading in the new consolidated shares will begin on Sept. 8 under a new ISIN code, while settlement and delivery are scheduled for Sept. 10. Shareholders recorded on Sept. 9 will receive the new shares. Ahead of the reverse split, Capital B increased the nominal value of each existing share from €0.04 to €0.08 by capitalizing more than €12 million in share premium. Following the consolidation, each new share will carry a nominal value of €0.80.

Management added that the capital adjustment was required to comply with French legal requirements governing minimum nominal share values following a reverse stock split. Before the transaction, Capital B had 300,650,632 ordinary shares eligible for consolidation. Completion of the process will reduce that figure to 30,065,063 new ordinary shares. Company records also show that Capital B holds 86,400 treasury shares. Management waived the consolidation of two treasury shares so the total number of eligible shares would divide evenly by 10. This allows the transaction to proceed without affecting the planned exchange ratio.