Intercont Sets 8-for-1 Reverse Share Split for November 16

• Intercont (Cayman) will implement a 1-for-8 reverse share split effective November 16, 2026.
• Class A ordinary shares will begin split-adjusted trading on the Nasdaq Capital Market that day under the unchanged symbol NCT.
• Issued Class A ordinary shares will decrease from 16,286,926 to 2,035,866.
• Authorized Class A ordinary shares will fall from 3,200,000,000 to 400,000,000.
• Par value per Class A ordinary share will increase from $0.0625 to $0.50.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intercont (Cayman) Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-117835), on November 10, 2026, and is solely responsible for the information contained therein.