REX Shares Plans 1-for-10 Reverse Split for SBET Leveraged ETF

REX Shares approved a 1-for-10 reverse stock split for the T-REX 2X Long SBET Daily Target ETF (SBTU). Shareholders will receive one post-split share for every ten shares held, with any fractional shares redeemed for cash at the fund’s net asset value. The reverse split will become effective after the close of trading on August 21, 2026, and the ETF will begin trading on a split-adjusted basis on August 24. The fund’s creation unit size will remain unchanged at 10,000 shares. The move is intended to increase the ETF’s share price while maintaining its existing leveraged exposure and investment objective.