Reverse Stock Split
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Phoenix Motor Inc. Announces Reverse Stock Split of its Common Stock
Accessnewswire· 2026-02-09 21:15
Core Viewpoint - Phoenix Motor Inc. has announced a reverse stock split of its common stock at a ratio of 1-for-10, effective at the close of trading on February 13, 2026, with trading on a split-adjusted basis starting on February 17, 2026 [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert the number of shares held by each stockholder by dividing the current number of shares by ten, rounding up to the nearest whole share, resulting in no fractional shares being issued [2][3]. - The total number of outstanding shares will decrease from approximately 13,382,349 to about 1,338,235 after the reverse stock split [3]. - The par value of the common stock and the authorized shares will remain unchanged, and stockholders' percentage ownership and voting power will largely remain the same, with minor adjustments for fractional shares [3]. Group 2: Stockholder Actions - Stockholders holding shares in electronic form do not need to take any action, as the reverse stock split will be automatically reflected in their brokerage accounts [4]. - Stockholders with paper certificates may send them to the Company's transfer agent to receive a new stock certificate reflecting the reverse stock split [4]. Group 3: Company Overview - Phoenix Motor Inc. focuses on redefining commercial transportation with smart, zero-emission electric vehicles through its brands PhoenixEV and EdisonFuture, offering a range of heavy, medium, and light-duty EVs [5][6]. - The company is committed to sustainable transit, logistics, and community mobility, integrating cutting-edge electric drive systems and autonomous driving technologies [6].
Bunker Hill Announces C$30 Million Brokered LIFE Offering of Units & Warrant Exercise, and Reverse Stock Split
Globenewswire· 2026-02-09 13:07
Core Viewpoint - Bunker Hill Mining Corp. has announced a brokered private placement offering to raise approximately C$25 million through the sale of 138.9 million units at C$0.18 per unit, alongside a reverse stock split aimed at increasing share price for a potential NYSE American listing [1][12][18]. Group 1: Offering Details - The offering will consist of units, each comprising one common share and one-half of a common share purchase warrant, with warrants exercisable at C$0.30 for 36 months [2]. - The company has granted agents an option to sell an additional 15% of the offering at the same issue price [3]. - A cornerstone shareholder is expected to exercise existing warrants for a minimum of C$5 million, which is contingent upon the completion of the offering [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for working capital to ramp up the Bunker Hill Mine to commercial production, exploration, and general corporate purposes [5]. Group 3: Regulatory and Closing Conditions - The offering is being made under the Listed Issuer Financing Exemption and is subject to regulatory compliance, including approvals from the TSX Venture Exchange and applicable securities authorities [6][9]. - The expected closing date for the offering is around March 5, 2026, pending necessary approvals [8]. Group 4: Reverse Stock Split - The company will implement a reverse stock split at a ratio of one-for-thirty-five, reducing the number of common shares from approximately 1.4 billion to about 40 million [12]. - The reverse stock split is intended to increase the share price in preparation for a potential listing on the NYSE American [12][18]. - The reverse stock split is subject to stockholder approval and is expected to take effect on or around March 5, 2026 [13].
FG Nexus Announces 1-for-5 Reverse Stock Split
Globenewswire· 2026-02-09 12:30
Core Viewpoint - FG Nexus Inc. has announced a one-for-five reverse stock split aimed at enhancing trading liquidity and broadening its appeal to institutional investors, effective February 13, 2026 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every five shares of FG Nexus common stock into one share, maintaining the trading symbol "FGNX" on Nasdaq [2]. - The number of outstanding shares will decrease from approximately 32,776,218 to about 6,555,243 shares post-split, potentially increasing the per-share price [3]. - The authorized shares will be reduced from 900 billion to 180 billion shares, with no fractional shares issued; instead, cash payments will be provided for any fractional shares [3][4]. Group 2: Strategic Intent - The reverse stock split is part of a strategy to enhance the stock's appeal to institutional investors and improve trading liquidity while executing an Ethereum-focused treasury strategy [3]. - The company aims to position itself for growth by consolidating shares and providing efficient access to the expanding Ethereum ecosystem [3]. Group 3: Company Overview - FG Nexus is focused on building a digital asset treasury and a platform for the tokenization of real-world assets, intending to enhance treasury yield through staking ETH and deploying yield strategies [6].
Healthcare Triangle announces 1-for-60 reverse stock split
Yahoo Finance· 2026-02-07 15:25
Core Viewpoint - Healthcare Triangle (HCTI) will implement a 1-for-60 reverse stock split to increase its share price and comply with Nasdaq's minimum bid price requirement of $1.00 [1] Group 1: Reverse Stock Split Details - The reverse stock split will take effect at 12:01 a.m. Eastern Time on February 10, 2026 [1] - HCTI's common stock will begin trading on a post-split basis on the Nasdaq Capital Market on the same date [1] - The reverse stock split was approved by stockholders during a special meeting held on February 2, 2026 [1] Group 2: Strategic Implications - The company anticipates that the reverse stock split will help increase the price per share of its common stock [1] - This action is part of HCTI's broader strategy to regain compliance with Nasdaq's listing requirements [1]
Herzfeld Credit Income Fund, Inc. Announces Effective Date for Reverse Stock Split
Globenewswire· 2026-02-05 18:15
Company Announcement - Herzfeld Credit Income Fund, Inc. has approved a reverse stock split where every ten shares of common stock will be combined into one share, effective February 6, 2026 [1] - The new CUSIP number for the common stock post-split will be 42804T205, and trading on a post-split basis will commence on February 9, 2026 [1] Company Background - Thomas J. Herzfeld Advisors, Inc. is an SEC registered investment advisor established in 1984, focusing on investment analysis and account management in closed-end funds [2]
Noodles & Company Announces Plans For 1-for-8 Reverse Stock Split Effective February 18, 2026
Globenewswire· 2026-02-04 21:30
Core Viewpoint - Noodles & Company plans to implement a 1-for-8 reverse stock split of its Class A common stock to comply with Nasdaq's minimum bid price requirement, effective February 18, 2026 [1][2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert 8 shares of Common Stock into 1 share, with proportional adjustments made to outstanding equity awards and stock incentive plans [4]. - The reverse stock split aims to meet the $1.00 minimum bid price requirement for maintaining its Nasdaq listing [2][3]. - Over 96% of stockholders approved the reverse stock split proposal at a special meeting held on February 4, 2026 [3]. Group 2: Implementation Process - The new CUSIP number for the Common Stock post-split will be 65540B303, and trading will begin on a split-adjusted basis on February 18, 2026 [2]. - No fractional shares will be issued; stockholders will receive additional shares to round up to the next whole share if necessary [5]. - The company's transfer agent, Equiniti, will manage the exchange process for the reverse stock split, with instructions provided to stockholders [6]. Group 3: Company Background - Noodles & Company has been serving a variety of noodle dishes since 1995, with over 400 restaurants and a focus on flavor and customer experience [7].
International Land Alliance, Inc. Announces Reverse Split
Globenewswire· 2026-02-04 13:00
Core Viewpoint - International Land Alliance, Inc. has executed a 50-for-1 reverse stock split as part of its strategy to uplist to NASDAQ [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will be effective on February 4, 2026, with the common stock trading under the symbol "ILALD" for 20 days post-split [1][2]. - Each fifty shares of the Company's common stock will be combined into one share, affecting all stockholders uniformly, with fractional shares rounded up to the nearest whole share [3]. Group 2: Company Overview - International Land Alliance, Inc. is based in San Diego, California, focusing on land investment and development, particularly in Northern Baja California and Southern California [5]. - The Company aims to provide sustainable and socially responsible housing solutions using advanced proptech and construction tech applications [5]. - ILAL is dedicated to acquiring prime land and obtaining necessary development permits to create a diverse portfolio of environmentally friendly communities for various buyers [5].
Adial Pharmaceuticals Announces Reverse Stock Split to Regain Compliance with Nasdaq’s Minimum Bid Price Requirement
Globenewswire· 2026-02-03 21:05
Core Viewpoint - Adial Pharmaceuticals will implement a 1-for-25 reverse stock split to comply with Nasdaq's minimum bid price requirement and enhance its capital markets profile, effective February 5, 2026 [1][3][4] Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of outstanding shares from approximately 27.8 million to about 1.1 million, while maintaining the ownership percentage of existing shareholders [2] - The new CUSIP number for the common stock post-split will be 00688A304, and trading on a split-adjusted basis will commence on February 6, 2026 [1][2] Group 2: Compliance and Market Strategy - The reverse split aims to ensure compliance with Nasdaq's requirement of a minimum bid price of $1.00 per share, making the stock more appealing to institutional and retail investors [3] - The company believes this action will strengthen its capital markets profile and create a more efficient public float, supporting broader investor interest [4] Group 3: Company Overview and Future Plans - Adial Pharmaceuticals is focused on developing treatments for addiction, with its lead product AD04 targeting Alcohol Use Disorder [5] - The company plans to conduct a new Phase 3 clinical trial for AD04, which has shown promising results in reducing drinking among heavy drinkers [5]
AMERICAN REBEL HOLIDNGS, INC. (NASDAQ: AREB; AREBW) REANNOUNCES 1-FOR-20 REVERSE STOCK SPLIT OF ITS COMMON STOCK AND PUBLICLY TRADED WARRANTS WITH ROUND LOT STOCKHOLDER PROTECTION TO BE EFFECTIVE ON FEBRUARY 2, 2026
Globenewswire· 2026-01-28 21:15
Core Viewpoint - American Rebel Holdings, Inc. will implement a reverse stock split of its common stock and publicly traded warrants at a ratio of 1-for-20, effective February 2, 2026, to enhance marketability and comply with Nasdaq listing requirements [1][7][11]. Group 1: Reverse Stock Split Details - The reverse stock split will adjust the number of outstanding shares from approximately 17 million to about 850,898 shares [8]. - The new CUSIP number for the common stock will be 02919L 802, while the warrants will retain the CUSIP number 02919L 117 [2][3]. - The reverse stock split will not affect the authorized number of shares, and no fractional shares will be issued; all fractional interests will be rounded up to the nearest whole share [3][4][6]. Group 2: Stockholder Protection Measures - The company will ensure that stockholders holding 100 or more shares prior to the split will not be reduced to fewer than 100 shares post-split, providing round lot protection [5][21]. - Fractional shares resulting from the split will be rounded up to maintain liquidity and stockholder equity [6][20]. Group 3: Purpose and Benefits - The reverse stock split aims to increase the share price to meet the minimum bid price requirement of $1.00 per share for continued listing on Nasdaq [7]. - By consolidating shares, the company seeks to improve liquidity and enhance market appeal without changing the overall economic value of stockholders' holdings [16][29]. Group 4: Implementation and Process - The reverse stock split will be effective on January 30, 2026, with trading on a split-adjusted basis beginning on February 2, 2026 [17]. - Stockholders holding shares in certificate form or through brokerage accounts will have their holdings automatically adjusted, requiring no action on their part [18][19]. Group 5: Company Overview - American Rebel Holdings, Inc. is known as America's Patriotic Brand, offering a range of patriotic lifestyle products, including safes, personal security solutions, and branded apparel [31].
Bluejay Diagnostics Announces 1-for-4 Reverse Stock Split
Globenewswire· 2026-01-27 13:00
ACTON, Mass., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Bluejay Diagnostics, Inc. (NASDAQ: BJDX) (“Bluejay” or the “Company”), a medical technology company developing rapid diagnostics on its Symphony platform to improve patient outcomes in critical care settings, today announced that the Company’s Board of Directors has approved a reverse stock split of its shares of common stock at a ratio of 1-for-4 (the “Reverse Stock Split”). The Reverse Stock Split will become effective at 12:01 a.m. Eastern Time on January 2 ...