Recent Updates — ALP
On September 22, 2026, Alpha Compute Corp announced it executed definitive agreements to acquire over 300 acres of surface, mineral, and gas rights in Pennsylvania, including the Utica and Marcellus shale formations, along with more than 75 existing oil and gas wells and associated infrastructure. The total purchase price is US$5.5 million. Alpha Compute intends to develop a data center on the site, leveraging local energy resources for its AI Confidential Compute and GPU-as-a-service operations. This strategic acquisition represents a significant expansion of the company's physical assets and operational footprint in the energy sector to support future compute infrastructure.
Alpha Compute Corp announced a reverse stock split of its ordinary shares on a 1-for-50 basis. The effective date has been changed from September 8, 2026, to September 9, 2026, when the company's ordinary shares will begin trading on a post-split basis under the symbol “ALP” on The Nasdaq Capital Market with CUSIP G7185A144. As a result of the split, every fifty issued ordinary shares will be combined into one, reducing the total number of issued and outstanding shares from 77,492,393 to approximately 1,549,848. Fractional shares of 0.5 or higher are rounded up, while fractions less than 0.5 are cancelled. This action is intended to increase the market price per share to maintain compliance with Nasdaq continued listing requirements. Alpha Compute Corp operates in the technology industry, providing computing infrastructure and services.
On August 17, 2026, Alpha Compute Corp's Board approved a reverse stock split on a 1-for-50 basis to maintain compliance with Nasdaq listing requirements. The split became effective for trading purposes on September 8, 2026. Consequently, the total number of issued and outstanding ordinary shares decreased from 77,492,393 to approximately 1,549,848. Fractional shares of 0.5 or higher were rounded up to the nearest whole share, while fractions less than 0.5 were cancelled. The company continues trading on the Nasdaq Capital Market under the symbol “ALP” with a new CUSIP number G7185A144.
Alpha Compute Corp received an additional 180-day compliance period from Nasdaq until March 1, 2027, to regain compliance with the minimum bid price requirement. The company was previously notified on March 2, 2026, that its stock closed below $1.00 for 30 consecutive business days. Nasdaq confirmed Alpha Compute meets all other listing standards, including market value of publicly held shares. To cure the deficiency, the closing bid price must remain at least $1.00 per share for a minimum of 10 consecutive business days during this period. The company intends to use every available tool, including a potential reverse share split, to protect its listing. Alpha Compute Corp operates in the AI infrastructure industry, providing high-density GPU services and confidential computing environments.