Next Bridge Hydrocarbons will credit dividend shares to shareholder accounts on July 22, 2026, at a ratio of one new share for every 30 shares held, the Midland, Texas oil and gas company said July 17, 2026.
The company's transfer agent, Equiniti Trust Co., gave that assurance after Next Bridge received what it called a significant number of inquiries from shareholders concerned about the accuracy, timeliness and reliability of dividend share crediting. Equiniti told Next Bridge that every directly registered shareholder account, including accounts holding paper certificates, and every brokerage account bulk certificate, will be credited with the 1-for-30 dividend shares on that date.
No formal corporate action
Next Bridge said there will be no formal Corporate Action tied to the distribution, because Next Bridge is not compatible with DTCC. That means each brokerage firm, not Next Bridge or Equiniti, is responsible for crediting the new shares to its own customers once the firm's bulk certificate is updated. Next Bridge told shareholders to direct any questions about their individual brokerage account balances to their broker rather than to the company or its transfer agent.
Chairman and CEO Greg McCabe said the team at Equiniti is "of the highest caliber of professionalism and reliability." He said Next Bridge does not know the scope of any ledger imbalances shareholders have flagged, but said he does not believe any brokerage firm would knowingly credit illegitimate shares into customer accounts. McCabe said doing so could violate securities law or amount to a breach of shareholder trust.
Next Bridge operates as an upstream oil and gas exploration and production company, with minor well interests on the eastern edge of the Midland Basin in Texas, two minor well interests in Oklahoma, and exploration prospect leaseholds along the onshore southern Louisiana Gulf Coast. Its common stock does not trade on a public exchange.
