Reverse Stock Split

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High-Trend International Group Announces the Reverse Split Record Date
PrnewswireĀ· 2025-08-04 20:30
Core Viewpoint - High-Trend International Group is implementing a reverse stock split to meet Nasdaq listing requirements, specifically to maintain a minimum bid price of $1.00 per share [2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will occur at a ratio of 1-for-25, changing the par value of the Ordinary Shares from $0.0001 to $0.0025 [1][3]. - The effective date of the reverse stock split is set for August 7, 2025, with trading on a split-adjusted basis commencing on August 8, 2025 [3]. - The total number of outstanding Ordinary Shares will decrease from approximately 140 million to about 5.6 million shares [4]. Group 2: Impact on Shareholders - The reverse stock split will uniformly affect all holders of Ordinary Shares, without altering any shareholder's percentage ownership in the company [5]. - Shareholders holding shares in book-entry form or through intermediaries will not need to take any action, as the changes will be reflected in their accounts post-split [5].
Vivid Seats Announces Reverse Stock Split
GlobenewswireĀ· 2025-08-04 10:30
Core Points - Vivid Seats Inc. announced a 1-for-20 reverse stock split of its Class A and Class B common stock, effective at 5:00 p.m. Eastern Time on August 5, 2025, with trading on a split-adjusted basis starting on August 6, 2025 [1][2] - The reverse stock split was approved by stockholders on July 21, 2025, and will combine every 20 shares of common stock into one share, with fractional shares being compensated in cash [2] - The reverse stock split will not affect stockholders' percentage ownership or voting power, except for fractional shares, and all outstanding warrants and equity-based awards will be proportionately adjusted [2] Company Information - Vivid Seats, founded in 2001, is a leading online ticket marketplace that connects fans with live events, artists, and teams, emphasizing the belief that everyone should "Experience It Live" [5] - The company offers a wide selection of events and tickets in North America and features an industry-leading rewards program where fans earn on every purchase [5] - Vivid Seats has been recognized by Newsweek as one of America's Best Companies for Customer Service in ticketing [5]
Acurx Pharmaceuticals, Inc. Announces Reverse Stock Split
PrnewswireĀ· 2025-07-31 13:25
Core Viewpoint - Acurx Pharmaceuticals has announced a 1-for-20 reverse stock split to increase its stock price and regain compliance with Nasdaq's minimum bid price requirement, effective August 4, 2025 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every twenty shares of common stock into one share, with no fractional shares issued; stockholders will receive cash for any fractional shares [2]. - The number of outstanding shares will decrease from approximately 30,764,540 to about 1,538,227, while the total authorized shares will remain unchanged [3]. - Stockholders holding shares electronically will not need to take action, while those with physical certificates will receive instructions for exchanging them [4]. Group 2: Company Overview - Acurx Pharmaceuticals is focused on developing a new class of antibiotics targeting difficult-to-treat bacterial infections, specifically Gram-positive bacteria [5]. - The lead product candidate, ibezapolstat, is ready for Phase 3 trials, with plans for international clinical trials next year, pending financing [5]. - The preclinical pipeline includes an oral product candidate for treating Acute Bacterial Skin and Skin Structure Infections and a development program for inhaled anthrax [5].
Bollinger Innovations, Inc. Announces Reverse Stock Split Effective Aug. 4, 2025
GlobenewswireĀ· 2025-07-31 13:00
Core Viewpoint - Bollinger Innovations, Inc. will implement a 1-for-250 reverse stock split effective August 4, 2025, to comply with Nasdaq's minimum bid price requirement of $1.00 per share [1][2][3] Group 1: Reverse Stock Split Details - The reverse stock split will convert 250 shares of common stock into one share, reducing the total from approximately 423.5 million shares to about 1.7 million shares [4][5] - No fractional shares will be issued; all fractions will be rounded up to the nearest whole share, ensuring uniformity among stockholders [5] - The reverse stock split will not change the par value of the common stock or the authorized number of shares [4] Group 2: Compliance and Approval - The reverse stock split was approved by stockholders at a special meeting on July 22, 2025, with the board of directors selecting the 1-for-250 ratio [3] - The company aims to regain compliance with Nasdaq listing standards through this action, although there is no guarantee of meeting the minimum bid price requirement [2] Group 3: Company Overview - Bollinger Innovations is an electric vehicle manufacturer based in Southern California, focusing on commercial electric vehicles with a manufacturing facility in Tunica, Mississippi [7] - The company offers the ONE Class 1 EV cargo van and the THREE Class 3 EV cab chassis truck, supported by a dealer network across key U.S. markets [7]
Stock Market Today: Lucid Slides 8% as Reverse Split Concerns Resurface
The Motley FoolĀ· 2025-07-29 21:35
Core Viewpoint - Lucid Group's stock has experienced a significant decline due to investor concerns regarding its proposed 1-for-10 reverse stock split, reflecting skepticism about its capital structure and long-term profitability path [1]. Group 1: Stock Performance - Lucid Group's stock dropped 8.24% to close at $2.56, marking its lowest level in nearly a month [1]. - The stock's decline is notable against the broader market, with the S&P 500 and Nasdaq Composite falling 0.3% and 0.4%, respectively [2]. - Lucid's trading volume was 118 million shares, below the 65-day average of 148 million shares, indicating reduced investor interest [3]. Group 2: Market Context - The decline in Lucid's stock price is part of a broader trend affecting smaller-cap, pre-profit electric vehicle manufacturers amid challenging market conditions [2]. - Lucid's stock is currently 42% below its 52-week high of $4.43, highlighting ongoing pressure on its valuation [3]. - The decline in Lucid's stock price has also led to a decrease in the stock prices of its peers, including Tesla and Rivian Automotive [2].
Anghami Announces 1-for-10 Reverse Stock Split
PrnewswireĀ· 2025-07-29 14:45
Core Viewpoint - Anghami Inc. will implement a 1-for-10 reverse stock split to comply with Nasdaq's minimum bid price requirement for continued listing, effective August 4, 2025 [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split was approved by shareholders on July 22, 2025, and will not have a dilutive effect on shareholders [2]. - Every ten issued and outstanding ordinary shares will be combined into one, increasing the par value from $0.0001 to $0.001 per share [3]. - The conversion or exercise prices of all convertible securities and warrants will be proportionately adjusted [3]. Group 2: Shareholder Actions and Adjustments - Continental Stock Transfer and Trust Company will act as the exchange and transfer agent for the reverse stock split [4]. - Shareholders holding shares electronically will not need to take action, while those with shares via banks or brokers will have their positions adjusted automatically [4]. Group 3: Company Overview - Anghami is the leading multi-media streaming platform in the MENA region, offering a wide range of content including music, podcasts, and live entertainment [6]. - The company has over 120 million registered users and 3.5 million paid subscribers, partnering with 47 telcos across MENA [8]. - In April 2024, Anghami partnered with OSN+, enhancing its content library to over 18,000 hours of premium video and 100+ million songs and podcasts [7].
Calidi announces Reverse Stock Split, expected to begin trading on a 1-for-12 split adjusted basis onĀ August 5, 2025
GlobenewswireĀ· 2025-07-25 20:45
Core Viewpoint - Calidi Biotherapeutics, Inc. announced a reverse stock split at a ratio of 1-for-12 to optimize market dynamics and broaden investor appeal, effective August 5, 2025 [1][2]. Company Overview - Calidi Biotherapeutics is a clinical-stage biotechnology company focused on developing targeted therapies that deliver genetic medicines to disease sites, utilizing its proprietary Redtail platform [6][7]. - The Redtail platform is designed to create viral vectors that evade immune detection, allowing for effective delivery of virotherapy to tumor sites [6]. Reverse Stock Split Details - The reverse stock split will consolidate every twelve pre-split shares into one post-split share, with fractional shares rounded up to the nearest whole share at the participant level [3][4]. - The split was approved by stockholders on July 9, 2025, and by the Board of Directors on July 11, 2025 [2]. - The new CUSIP number for the common stock will be 320703 408 following the split [1]. Stockholder Information - Registered stockholders with book-entry shares will not need to take action to receive post-split shares, while those with shares in certificate form will receive instructions for exchanging their certificates [5].
Velo3D, Inc. Announces Reverse Stock Split
PrnewswireĀ· 2025-07-25 20:05
Core Viewpoint - Velo3D, Inc. has announced a 1-for-15 reverse stock split of its common stock to prepare for a potential listing on a national securities exchange, with the split expected to take effect on July 28, 2025 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 15 shares of common stock into one new share, reducing the outstanding shares from approximately 211,011,238 to about 14,067,416 [3]. - The reverse stock split was approved by Velo3D's stockholders on June 27, 2025, and the final ratio was determined by the board on July 18, 2025 [1][3]. - The CUSIP number for the common stock will change to 92259N 302, and the trading symbol will temporarily change to "VLDXD" for 20 business days [1][2]. Group 2: Impact on Shareholders - Fractional shares will not be issued; instead, stockholders entitled to a fractional share will receive one full share [3]. - The number of authorized shares will remain at 500,000,000, and the par value will stay at $0.00001 per share [2][3]. - Proportional adjustments will be made to the exercise prices of outstanding stock options and warrants, as well as to equity-based awards [3]. Group 3: Company Overview - Velo3D specializes in additive manufacturing technologies for mission-critical metal parts, enabling the production of complex designs previously deemed impossible [6][7]. - The company has developed a fully integrated solution that includes Flow print preparation software, the Sapphire family of printers, and the Assure quality control system, powered by its Intelligent Fusion manufacturing process [7]. - Velo3D has been recognized as one of Fast Company's Most Innovative Companies for 2024 and has partnered with notable companies such as SpaceX and Honeywell [7].
AgriFORCE Announces Reverse Stock Split
GlobenewswireĀ· 2025-07-24 15:50
Group 1 - The Company announced a reverse stock split where every nine shares will be combined into one share, effective July 28, 2025 [1] - The reverse stock split was approved by shareholders on June 6, 2025, and aims to comply with Nasdaq Listing Rule 5550(a)(2) [1] - As of July 23, 2025, the Company had 7,851,398 shares outstanding, which will reduce to 872,377 shares post-split [1] Group 2 - AgriFORCE Growing Systems Ltd. is focused on creating an integrated platform utilizing technology and intellectual property to provide sustainable solutions [2]
Senmiao Technology Limited Announces 1-for-10 Reverse Stock Split
GlobenewswireĀ· 2025-07-24 13:00
Core Viewpoint - Senmiao Technology Limited plans to implement a 1-for-10 reverse stock split effective July 29, 2025, with trading to begin on a split-adjusted basis on that day [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 10 shares of the Company's issued and outstanding common stock into one share, with no fractional shares issued; any resulting fractional shares will be rounded up to the next whole number [3]. - The Board of Directors has approved the reverse stock split, which will not alter any stockholder's percentage interest in the Company's outstanding common stock, except for adjustments related to fractional shares [2][3]. - A Certificate of Change has been filed to reduce the authorized number of shares from 500,000,000 to 50,000,000, maintaining the same ratio as the issued and outstanding shares [4]. Group 2: Company Overview - Senmiao Technology Limited is headquartered in Chengdu, Sichuan Province, and provides automobile transaction and related services, including sales, financing, and management of automobile transactions in China [5].