Reverse Stock Split
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BiomX Inc. Announces 1-for-19 Reverse Stock Split
Globenewswire· 2025-11-14 21:31
Core Viewpoint - BiomX Inc. announced a one-for-nineteen reverse stock split of its common stock, effective November 25, 2025, to enhance its stock price and maintain compliance with NYSE American listing requirements [1][2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert nineteen current shares into one new share, affecting all stockholders uniformly without altering their percentage ownership interest [3][4]. - The number of outstanding shares will decrease from approximately 29,006,165 to about 1,526,640, with adjustments for fractional shares [4]. - No fractional shares will be issued; stockholders entitled to fractional shares will receive an additional fraction to round up to the next whole share [4]. Group 2: Company Background - BiomX is a clinical-stage company focused on developing natural and engineered phage therapies targeting harmful bacteria for chronic diseases with significant unmet needs [5]. - The company utilizes its BOLT platform to customize phage compositions against proprietary bacterial targets [5].
Swedish EV maker Polestar announces one-for-thirty reverse stock split to maintain Nasdaq listing
Reuters· 2025-11-14 13:52
Core Viewpoint - Polestar is implementing a one-for-thirty reverse stock split of its American Depository Shares to avoid a potential delisting from Nasdaq [1] Company Summary - The reverse stock split is a strategic move by Polestar, an electric vehicle manufacturer, to maintain its listing on the Nasdaq exchange [1]
UTime Limited Announces 1-for-100 Reverse Stock Split
Globenewswire· 2025-11-12 21:10
Core Viewpoint - UTime Limited will implement a reverse stock split at a ratio of 1-for-100, effective November 21, 2025, to increase its share price and comply with Nasdaq's minimum bid price requirement [1]. Company Overview - UTime Limited, trading under the NASDAQ ticker WTO, is involved in the design, development, production, sales, and brand operation of mobile devices both in China and globally, aiming to provide cost-effective products to a broad customer base [3]. Reverse Stock Split Details - The reverse stock split will not result in fractional shares; any fractional shares will be rounded up to the nearest whole share, and positions held electronically will be automatically updated [2]. - The Class A ordinary shares will begin trading on a split-adjusted basis on Nasdaq under the ticker symbol "WTO" starting November 21, 2025 [1].
Gulf Resources, Inc. Provides Updates on Nasdaq Hearing Process
Globenewswire· 2025-11-12 14:00
Core Points - Gulf Resources, Inc. is appealing Nasdaq's delisting determination and has provided an update on its common stock trading status [1] - The company received a hearing notification from Nasdaq for a hearing scheduled on December 9, 2025, but believes it has regained compliance with the minimum bid price requirement after a 1-for-10 reverse stock split [2] - Trading of the company's common stock was suspended on November 11, 2025, and the company is working with Nasdaq to resume trading [3][4] Company Overview - Gulf Resources, Inc. operates through four wholly-owned subsidiaries, including Shouguang City Haoyuan Chemical Company Limited, Shouguang Yuxin Chemical Industry Co., Limited, Daying County Haoyuan Chemical Company Limited, and Shouguang Hengde Salt Industry Co. Ltd. [5] - The company is one of the largest producers of bromine in China, with applications in various industries including agriculture and pharmaceuticals [5] - Gulf Resources also manufactures and sells crude salt and is involved in exploring natural gas and brine resources [5]
New Century Logistics (BVI) Limited Announces 1-for-8 Reverse Stock Split
Globenewswire· 2025-11-07 21:00
Core Viewpoint - New Century Logistics (BVI) Limited plans to implement a 1-for-8 reverse stock split on its common stock, effective November 14, 2025, pending Nasdaq requirements [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 8 shares of the Company's common stock into 1 share, with no fractional shares issued; any fractions will be rounded up to the next whole number [3]. - The Board of Directors approved the reverse stock split on October 3, 2025, and no stockholder approval is required under BVI law [4]. Group 2: Share Structure Changes - Following the reverse stock split, the authorized number of shares will be reduced from 100,000,000 to 12,500,000 shares, maintaining the same par value per share [4]. Group 3: Company Overview - New Century is an international freight forwarding and logistics service provider, assisting clients with importing and exporting goods, including air freight export shipments to North America, Europe, and Asia [5].
Silver Spruce Resources Inc. (OTC:SSEBF) Executes Reverse Stock Split
Financial Modeling Prep· 2025-11-04 16:07
Core Viewpoint - Silver Spruce Resources Inc. (SSEBF) has executed a reverse stock split to enhance its share structure and marketability, resulting in a significant increase in stock price and positive investor sentiment [2][3][4]. Company Overview - SSEBF is a mineral exploration company focused on acquiring and developing precious and base metal properties, primarily operating in North America [1]. Reverse Stock Split Details - On November 4, 2025, SSEBF executed a reverse stock split at a 15-for-1 ratio, reducing outstanding shares from approximately 324 million to about 21.6 million [2]. - The reverse stock split was approved during the Annual General and Special Meeting of Shareholders on November 5, 2024, aimed at streamlining the company's share structure [3]. Market Reaction - Following the reverse stock split, SSEBF's stock price increased significantly, currently priced at $0.15, with a market capitalization of approximately $51.05 million and a trading volume of 262,853 shares [4].
Reed’s Reports Third Quarter 2025 Results
Globenewswire· 2025-11-03 21:05
Core Insights - Reed's, Inc. reported a 4% increase in net sales for Q3 2025, reaching $7.0 million compared to $6.8 million in Q3 2024, driven by higher volumes of Reed's branded products with recurring national customers [5][7] - The company is focused on operational improvements, margin enhancement, and sales growth, with strategic leadership appointments aimed at advancing its marketing and sales initiatives [3][9] - A reverse stock split was executed on October 31, 2025, with approximately 8,945,620 shares outstanding post-split, aimed at enhancing visibility and liquidity [4] Financial Performance - Gross profit for Q3 2025 remained flat at $1.2 million, with a gross margin of 17%, down from 18% in the previous year, primarily due to $0.1 million in inventory write-offs [6][9] - Selling, general, and administrative expenses increased to $4.2 million from $3.1 million, reflecting investments in personnel and marketing [9] - The net loss improved to $4.0 million, or $(0.48) per share, compared to a net loss of $4.2 million, or $(4.91) per share, in Q3 2024 [9][10] Operational Highlights - Delivery and handling costs decreased by 14% to $2.50 per case, down from $2.99 per case in the previous year, indicating improved operational efficiency [8] - Cash used in operations for Q3 2025 was $2.8 million, a significant increase compared to $1.1 million of cash provided by operating activities in Q3 2024 [11] - As of September 30, 2025, the company had approximately $4.1 million in cash and $9.2 million in total debt, a decrease from $10.4 million in cash and $9.6 million in total debt at the end of 2024 [11] Strategic Initiatives - The company is preparing for an anticipated uplist to a major stock exchange, which is expected to enhance visibility and broaden access to institutional capital [3] - Key leadership appointments include Tina Reejsinghani as Chief Marketing Officer and Keith Johnson as Chief Go-To-Market and Customer Officer, aimed at driving growth and supporting rebranding initiatives [3] - The company is actively identifying opportunities to streamline operations to enhance efficiency and scalability [3]
Abpro Announces 1-for-30 Reverse Stock Split Effective November 3, 2025
Globenewswire· 2025-11-03 12:00
Core Insights - Abpro Holdings, Inc. has implemented a 1-for-30 reverse stock split to maintain compliance with Nasdaq and position the company for future growth [1][4] - The company has achieved approximately 60% reduction in operating costs compared to the same period in 2024 through a focused cost optimization plan [1][4] - Abpro's partnership with Celltrion is a strategic advantage, as Celltrion funds all development expenses for Abpro's lead antibody program ABP-102, with a first-in-human trial anticipated in 2026 [5][4] Company Actions - The reverse stock split became effective on October 31, 2025, reducing the number of outstanding shares from approximately 81.2 million to 2.7 million [2] - The company's transfer agent, Continental Stock Transfer & Trust Company, will act as the exchange agent for the reverse stock split [3] Strategic Positioning - Abpro is focused on unlocking additional value through its DiversImmune® and MultiMabTM platforms, which facilitate the rapid creation of bispecific and multispecific antibodies [6] - The company aims to create long-term value for shareholders by executing more effectively with a leaner cost structure and a major global partner [4] Company Overview - Abpro is dedicated to improving lives through next-generation antibody therapies targeting severe diseases, utilizing its proprietary DiversImmune® platform [7]
Silver Spruce Resources Inc. Implements Reverse Stock Split
Financial Modeling Prep· 2025-11-02 15:00
Core Viewpoint - Silver Spruce Resources Inc. (SSEBF) is implementing a reverse stock split to consolidate shares and enhance its market position, aiming to attract more investors and improve visibility in the market [2][3][4] Company Overview - SSEBF is a mineral exploration company focused on acquiring and developing precious and base metal properties, primarily operating in North America, especially in Canada and Mexico [1] - The company competes with other exploration firms in the region to discover and develop valuable mineral resources [1] Reverse Stock Split Details - On November 4, 2025, SSEBF will execute a reverse stock split, exchanging 1 share for every 15 shares, reducing the number of common shares from over 324 million to approximately 21.6 million [2] - The current stock price is $0.00812, and the consolidation aims to increase this price and strengthen the company's market position [2][3] - The effective date for the consolidation is set for October 31, 2025, pending regulatory approvals [4] Stock Performance - SSEBF's stock has shown volatility, trading between a low of $0.0026 and a high of $0.0218 over the past year [3] - The stock fluctuated between $0.00812 and $0.0089 during the trading day, with a market capitalization of approximately $2.63 million and a trading volume of 101,000 shares [3] Strategic Intent - The reverse stock split is part of a broader strategy to streamline the company's share structure and strengthen its financial position, supporting ongoing exploration activities [4]
Aditxt, Inc. (NASDAQ: ADTX) Announces Reverse Stock Split
Financial Modeling Prep· 2025-10-31 13:02
Core Viewpoint - Aditxt, Inc. is preparing for a reverse stock split scheduled for November 3, 2025, consolidating 113 shares into 1 share to adjust the share price and attract more investors [1][5]. Summary by Sections Reverse Stock Split - The reverse stock split aims to adjust the share price and potentially attract more investors, with the current stock price at $0.068, having decreased by 40.61% [2][5]. - The reverse split is expected to help stabilize the stock price by reducing the number of shares available, which may also reduce volatility [2][5]. Market Capitalization and Trading Activity - Aditxt's market capitalization is approximately $165.318 million, reflecting the company's current valuation [3]. - The trading volume today is 38.18 million shares, indicating active trading activity [3]. - Over the past year, the stock has experienced a high of $140 and a low of $0.06, showcasing its volatility [3]. Strategic Implications - Despite the reverse split, Aditxt will maintain its presence on the NASDAQ exchange, aligning with the company's strategy to remain competitive and appealing to investors [4]. - The reverse split is viewed as a strategic move to enhance the stock's marketability and potentially improve its financial standing [4].