• Reverse stock split to become effective at 12:01 a.m. ET on October 30, 2026
  • Split-adjusted trading expected to begin on NYSE American under “ZONE” on October 30, 2026

HOUSTON, Oct. 19, 2026 (GLOBE NEWSWIRE) -- Zone Frontier Inc. (NYSE American: ZONE) (the “Company” or “Zone Frontier”) today announced that its Board of Directors has approved a 1-for-60 reverse stock split of the Company’s issued and outstanding common stock. The reverse stock split will become effective at 12:01 a.m. Eastern Time on October 30, 2026, and the Company’s common stock is expected to begin trading on a split-adjusted basis on the NYSE American at market open on October 30, 2026. The common stock will continue to trade under the symbol “ZONE” and will trade under a new CUSIP number, which the Company will announce prior to the effective time.

The reverse stock split is intended to increase the per-share trading price of the Company’s common stock to support its continued listing on the NYSE American and to make the common stock more attractive to a broader range of institutional and other investors.

The reverse stock split is being effected through a Certificate of Change filed with the Nevada Secretary of State pursuant to Section 78.207 of the Nevada Revised Statutes, which does not require stockholder approval.

At the effective time, every 60 shares of the Company’s issued and outstanding common stock will be automatically combined into one share of common stock. The reverse stock split will reduce the number of shares of common stock outstanding from approximately 508,892,886 shares to approximately 8,481,548 shares. The number of authorized shares of common stock will be proportionately reduced from 6,942,000,000 to 115,700,000. The par value per share of common stock will remain unchanged at $0.0001. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s percentage ownership interest in the Company, except for minor adjustments resulting from the treatment of fractional shares.

No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive a fractional share will instead receive one whole share of common stock.

Proportionate adjustments will be made to the number of shares of common stock issuable upon exercise or vesting of the Company’s outstanding warrants, stock options, restricted stock awards and other equity securities, and to the exercise prices thereof, in accordance with their respective terms, as well as to the number of shares reserved for issuance under the Company’s equity incentive plan.

In addition, pursuant to the share combination event provisions of the common stock purchase warrants issued in the Company’s August 2026 public offering, the exercise price of such warrants may be reset, if lower, to the lowest daily volume-weighted average price of the common stock during the five trading day-period beginning on the effective date of the reverse stock split, subject to a floor price of $3.00 per share. The Company will announce the final adjusted exercise price following the conclusion of the measurement period. Such exercise price adjustment can occur only once as a result of the reverse stock split and will not cause the issuance of additional warrant shares. Stockholders holding shares in book-entry form or through a brokerage account, bank or other nominee do not need to take any action; their holdings will be automatically adjusted to reflect the reverse stock split, subject to brokers’ particular processes. Securities Transfer Corporation, the Company’s transfer agent, will act as exchange agent for the reverse stock split. Stockholders with questions may contact the transfer agent at [email protected].

“This reverse stock split aligns our capital structure with the company we have become,” said Tyler Hassen, Chief Executive Officer of Zone Frontier. “Over the past several months, we have completed our transformation into a pure-play AI infrastructure developer, advanced our Minnesota campus for Cerebras Systems, Inc., and secured our Potter County, Texas campus. We believe a share price that better reflects this foundation will broaden our investor base and support our continued listing on the NYSE American. Our focus remains squarely on execution and building long-term value for our shareholders.”

For more information, visit www.zonefrontier.com .

About Zone Frontier Inc.
Zone Frontier Inc. (NYSE AMERICAN: ZONE) is helping to build the critical infrastructure that powers the AI economy. Through a growing pipeline of projects, the Company aims to help meet the increasing demand for compute capacity, power, and digital infrastructure required by the world's leading AI companies.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the expected effective date and timing of the reverse stock split, the anticipated effects of the reverse stock split on the market price and liquidity of the Company's common stock and on the Company's continued listing on the NYSE American, the development of the Company's Minnesota and Texas data center campuses, the Company's business strategy and pipeline of projects, and the Company's transition to an AI infrastructure business. Forward-looking statements are generally identified by words such as "anticipates," "believes," "expects," "intends," "plans," "may," "will," "could," "should," "estimates," "projects," "potential," "focused on," "aims," "expand," "expected," "look forward," and similar expressions. These forward-looking statements are based on management's current expectations and assumptions as of the date of this press release and are subject to significant risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Such risks and uncertainties include, but are not limited to: the risk that the reverse stock split does not result in a sustained increase in the market price of the Company's common stock or otherwise achieve its intended benefits; the risk that the reduced number of shares outstanding adversely affects the liquidity of the Company's common stock; the adjustment and potential reset of the exercise price of the Company's outstanding warrants in connection with the reverse stock split; the Company's ability to maintain compliance with the NYSE American's continued listing standards; construction, equipment, permitting, power or interconnection delays that could affect delivery timelines under the Company's colocation agreement; the Company's ability to secure tenants, power, interconnection and permits for its Texas data center campus; the highly speculative and uncertain nature of the Company's AI critical infrastructure business; the Company's continued ability to successfully transition its business model from cleaning services; the Company's lack of operating history in the data center or computing infrastructure industry; the Company's limited experience in the data center and AI infrastructure industries; the Company's ability to obtain project-level debt financing on acceptable terms or at all; the status of the Company's operations, results of operations, growth strategy and liquidity; and general economic, financial, capital market and industry conditions.

For a more complete discussion of risks and uncertainties, please refer to the Company's filings with the SEC, including the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K or Quarterly Report on Form 10-Q. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. All forward-looking statements are qualified in their entirety by this cautionary statement.

Media Contact:

Angela Gorman, President, AMWPR
[email protected]