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Psyence Biomedical Ltd. (NASDAQ: PBM) Delays Reverse Stock Split
Financial Modeling Prep· 2026-01-20 18:02
Core Viewpoint - Psyence Biomedical Ltd. (NASDAQ:PBM) is currently in the spotlight due to its planned reverse stock split, which aims to increase the stock price and attract investors [1] Group 1: Reverse Stock Split - PBM initially announced a reverse stock split at a ratio of 1-for-6.25, set to take effect on January 20, 2026, but has postponed this action [2][6] - The company plans to announce a new date for the reverse stock split in the future, and until then, the stock will continue trading under the symbol "PBM" without adjustments [2] Group 2: Stock Performance - Currently, PBM's stock is priced at $0.67, with a market capitalization of approximately $478,000 [3] - The stock has experienced significant volatility, with a 52-week high of $108.59 and a low of $0.615 [3][6] - The company's price-to-earnings (P/E) ratio is 0.17, indicating that the stock is trading at a low price relative to its earnings [3] Group 3: Analyst Ratings - Analysts maintain a cautious outlook on PBM, with Weiss Ratings reaffirming a "sell (e+)" rating and the consensus rating also being "Sell" [4][6] Group 4: Trading Activity - PBM's trading volume on the Nasdaq exchange is 506,821 shares, indicating active trading [5] - The stock's 50-day moving average is $1.48, while the 200-day moving average is $3.18, reflecting a downward trend over the past year [5] - The company's beta of 0.32 suggests that the stock is less volatile compared to the overall market [5]
Herzfeld Credit Income Fund, Inc. Announces Reverse Stock Split
Globenewswire· 2026-01-15 21:30
Core Viewpoint - Herzfeld Credit Income Fund, Inc. has announced a reverse stock split, consolidating every ten shares into one share, effective February 6, 2026, to enhance its market appeal and reduce trading costs [1][8]. Group 1: Reverse Stock Split Details - The reverse stock split will combine ten shares of common stock into one share, maintaining the par value at $0.001 per share [1]. - No fractional shares will be issued; shareholders entitled to fractional shares will receive one whole share instead [2]. - The number of authorized shares will remain unchanged at 100,000,000 shares [2]. Group 2: Shareholder Actions and Communication - Shareholders holding shares in book-entry form or through a broker do not need to take any action regarding the reverse split [3]. - Shareholders of record will receive information from Equiniti Trust Company, LLC, about their post-split ownership [3]. Group 3: Rationale Behind the Reverse Split - The reverse split aims to provide a better price point following reductions in the Fund's Net Asset Value and to appeal to a broader range of institutional investors [8]. - It is also intended to generate greater investor interest and lower trading costs for investors [8].
Bit Origin Ltd Announces 1-for-60 Reverse Stock Split Effective January 20, 2026
Globenewswire· 2026-01-15 16:30
Core Viewpoint - Bit Origin Ltd has announced a 1-for-60 reverse stock split of its Class A and Class B ordinary shares to comply with Nasdaq's minimum bid price requirement [3]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on January 20, 2026, with Class A shares trading under the existing ticker symbol "BTOG" on a reverse-split-adjusted basis [2]. - Following the reverse stock split, the number of outstanding Class A ordinary shares will decrease from approximately 88.6 million to about 1.5 million, and Class B ordinary shares will reduce from 768,000 to 12,800 shares [3]. - The company will also amend its Memorandum of Association to proportionately reduce the number of authorized ordinary shares for issuance and change the par value of post-reverse stock split ordinary shares to $0.00006 per share [3]. Group 2: Shareholder Impact - No fractional shares will be issued; shareholders entitled to fractional shares will receive one full share instead [4]. Group 3: Company Background - Bit Origin Ltd is focused on digital asset innovation and blockchain-based strategies, including the development of digital asset treasury initiatives [5].
Strive, Inc. (Nasdaq: ASST) and Semler Scientific (Nasdaq: SMLR) Announce Shareholder Approval for Acquisition of Semler Scientific
Globenewswire· 2026-01-13 17:02
Core Viewpoint - Strive, Inc. has successfully acquired Semler Scientific, Inc., marking a significant milestone as the first acquisition of a publicly traded Bitcoin treasury company, which will enhance Strive's Bitcoin holdings and operational strategy [1][4]. Group 1: Acquisition Details - Semler Scientific stockholders approved the acquisition by Strive, which includes the transfer of 5,048.1 Bitcoin [1]. - Strive has also purchased an additional 123 Bitcoin for its corporate treasury at an average price of $91,561 per Bitcoin, totaling $11,264,000, increasing its total Bitcoin holdings to 7,749.8 [2]. - Post-acquisition, the combined entity will hold 12,797.9 Bitcoin, positioning it as the 11th largest corporate holder of Bitcoin, surpassing both Tesla and Trump Media & Technology Group [2]. Group 2: Financial Strategy - Strive plans to monetize Semler Scientific's operating business within 12 months of the transaction close and aims to retire Semler Scientific's $100 million convertible note and $20 million Coinbase loan, depending on market conditions [3]. - The acquisition is expected to boost Strive's Bitcoin yield to over 15% in the first quarter of 2026, continuing its yield generation strategy since the inception of its Bitcoin operations [4]. - Strive intends to issue more preferred equity (SATA) over the next 12 months to support its strategic goals, including retiring legacy debt [4]. Group 3: Corporate Structure and Governance - Strive is recognized as the second company globally to have a publicly traded perpetual preferred equity instrument (SATA) backed by a Bitcoin balance sheet, offering a unique risk profile to fixed income investors [5]. - A 1-20 reverse stock split for Class A and Class B common stock has been approved to align share prices with institutional participation standards [5][6]. - Following the merger, Semler Scientific's Executive Chairman, Eric Semler, will join Strive's Board of Directors [7]. Group 4: Company Background - Strive, Inc. is the first publicly traded asset management Bitcoin treasury company, currently managing over $2 billion in assets and holding 7,749.8 Bitcoin [8]. - Semler Scientific, Inc. is a leader in medical devices and software for chronic diseases and is the second U.S. public company to adopt Bitcoin as its primary treasury reserve asset [10].
Vision Marine Technologies Announces Reverse Stock Split
Prnewswire· 2026-01-12 13:30
Core Viewpoint - Vision Marine Technologies Inc. has announced a 1-for-40 reverse stock split to increase the per share market price and comply with Nasdaq's minimum bid price requirement of $1.00 [3][4]. Group 1: Reverse Stock Split Details - The reverse stock split will reduce the number of issued and outstanding common shares from approximately 37,008,735 to about 925,218 shares [2]. - The reverse stock split is set to take effect on January 14, 2026, and shares will trade under the existing symbol "VMAR" [1][3]. - No fractional shares will be issued; shareholders will receive one whole share for any fractional interest [5]. Group 2: Impact and Adjustments - Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's outstanding equity awards and equity incentive plans [4]. - The number of authorized common shares will remain limitless, and the par value of the common shares will not be affected by the reverse stock split [4]. Group 3: Company Overview - Vision Marine Technologies operates in the marine technology sector, providing premium boating experiences through its E-Motion™ high-voltage propulsion platform and Nautical Ventures retail network [7].
Icon Energy Corp. Announces Reverse Stock Split
Globenewswire· 2026-01-06 13:00
Core Viewpoint - Icon Energy Corp. has announced a 1-for-5 reverse stock split effective January 8, 2026, to enhance its appeal to investors and ensure compliance with Nasdaq listing standards [4][5]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 5 issued and outstanding common shares into 1 common share without changing the par value or the total number of shares authorized [3]. - Following the split, the number of outstanding common shares will decrease from 3,460,000 to approximately 692,000, adjusted for fractional shares [5]. - No fractional shares will be issued; instead, shareholders entitled to fractional shares will receive a cash payment based on the closing price on January 7, 2026 [6]. Group 2: Impact on Shareholders - The reverse stock split will not affect shareholders' ownership percentages, market capitalization, or voting rights [5]. - Shareholders holding shares in book-entry form or through a broker will see the impact reflected in their accounts without needing to take action [7]. Group 3: Company Background - Icon Energy Corp. is an international shipping company providing worldwide seaborne transportation services for dry bulk cargoes [8].
PMGC Holdings Inc. Announces Reverse Stock Split Effective January 6, 2026
Globenewswire· 2026-01-06 04:00
Core Viewpoint - PMGC Holdings Inc. will implement a 1-for-4 reverse stock split effective January 6, 2026, which will reduce the number of outstanding shares while proportionally adjusting the share price [1]. Group 1: Reverse Stock Split Details - The reverse stock split will consolidate every 4 shares of issued and outstanding common stock into one share, resulting in approximately 503,713 shares outstanding post-split, down from approximately 2,014,852 shares [3]. - The trading symbol for the common stock will remain "ELAB," but a new CUSIP number 73017P409 will be assigned [5]. - Outstanding stock awards, options, and shares reserved for the equity incentive plan will be adjusted proportionally to reflect the reverse stock split [5]. Group 2: Impact on Shareholders - Shareholders entitled to fractional shares will receive one full share for each fractional portion [5]. - The reverse stock split does not affect the overall value of shareholder equity; it only reduces the number of shares outstanding while adjusting the share price accordingly [5].
Edison Oncology(EOHC) - Prospectus(update)
2025-12-30 23:14
As filed with the Securities and Exchange Commission on December 30, 2025 Registration No. 333-291852 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 Amendment No. 2 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Edison Oncology Holding Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Nevada 2836 83-1614120 (I.R.S. Employer Identification Number) 3475 Edison Way, ...
Intelligent Living Application Group Inc. Announces 1-for-10 Share Consolidation (Reverse Stock Split)
Prnewswire· 2025-12-26 16:30
Core Viewpoint - Intelligent Living Application Group Inc. has announced a share consolidation/reverse stock split to comply with Nasdaq Marketplace Rule 5550(a)(2) regarding minimum bid price requirements for its ordinary shares [2][4]. Group 1: Share Consolidation Details - The extraordinary general meeting held on December 15, 2025, resulted in shareholder approval for a share consolidation with a maximum ratio of 1:200 [1]. - The Board determined the consolidation ratio to be 1-for-10, effective December 30, 2025, with the new CUSIP number for the ordinary shares being G4804S119 [2]. - The pre-split number of ordinary shares is 20,769,483, which will reduce to approximately 2,077,448 post-split, with a par value increase from $0.0001 to $0.001 [2]. Group 2: Preferred Shares Impact - The pre-split number of Series A preferred shares is 2,000,000, which will reduce to approximately 200,000 post-split, with a par value increase from $0.0001 to $0.001 [3]. - The pre-split number of Series B preferred shares is 10,000,000, which will reduce to approximately 1,000,000 post-split, with a par value increase from $0.0001 to $0.001 [3]. Group 3: Shareholder Rights and Actions - Shareholders will receive one post-consolidation share for every ten pre-consolidation shares held, with their percentage ownership and voting power remaining largely unchanged [4]. - Fractional shares will not be issued; instead, they will be rounded up in connection with the share consolidation [4]. - Shareholders holding shares in electronic form at brokerage firms will see the effects of the consolidation automatically reflected in their accounts [4]. Group 4: Company Overview - Intelligent Living Application Group Inc. is a premium lockset manufacturer and distributor based in Hong Kong, primarily serving customers in the United States and Canada [5]. - The company has been diversifying its product offerings for over 40 years and holds various quality assurance certifications, including ISO9001 and ANSI Grade 2 and 3 standards [5]. - Intelligent Living continues to invest in automated product lines and the development of new products, including smart locks [5].
Aptevo Therapeutics Announces 1-for-18 Reverse Stock Split
Accessnewswire· 2025-12-26 13:05
Core Viewpoint - Aptevo Therapeutics Inc. will conduct a reverse stock split at a ratio of 1-for-18, effective December 29, 2025, at 5:01 p.m. [1] Company Summary - Aptevo Therapeutics Inc. is a clinical-stage biotechnology company focused on developing novel immune-oncology therapeutics [1] - The company utilizes its proprietary ADAPTIR™ and ADAPTIR-FLEX™ platform technologies for its therapeutic developments [1]