T3 Defense Inc. (DFNS) shares have dropped below the $0.10 threshold, triggering a listing alert from Handelsavisen’s market monitor.

The stock was trading at approximately $0.0872 based on broker quotes as of July 13, reflecting continued pressure on the company’s equity value.

The decline comes just days before the company executes a 1-for-50 reverse stock split, effective July 20.

The split is designed to consolidate shares and raise the nominal price per share, a common tactic for companies seeking to meet minimum bid-price requirements for exchange listing.

However, the move does not alter the company’s market capitalization or underlying fundamentals.

Handelsavisen’s internal analysis assigns T3 Defense a composite score of 31/100, citing significant risks associated with its current valuation and liquidity profile.