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Vivakor Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-09-17 12:30
Core Points - Vivakor, Inc. has received a 180-calendar-day extension from Nasdaq to regain compliance with the minimum bid price requirement, now due by March 16, 2026 [1][4] - The company was previously notified on March 18, 2025, that it did not meet the minimum bid price of $1.00 per share for 30 consecutive business days [2] - The extension was granted as the company complies with all other Nasdaq listing requirements and has indicated plans to address the bid price deficiency, potentially through a reverse stock split [3] Company Overview - Vivakor, Inc. is an integrated provider of energy transportation, storage, reuse, and remediation services, focusing on developing and operating assets in the energy sector [5] - The company offers crude oil storage, transportation, and remediation services under long-term contracts, and operates oilfield waste remediation facilities [5]
Fenbo Holdings Limited Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2025-09-16 13:15
Core Viewpoint - Fenbo Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement for continued listing, with a compliance period until March 11, 2026, to regain compliance [1][2]. Group 1: Nasdaq Compliance Notification - The Company was notified by Nasdaq that it does not meet the minimum bid price requirement of $1 per share based on the closing bid price over the last 30 consecutive business days [1]. - Nasdaq has granted the Company a compliance period of 180 calendar days, ending on March 11, 2026, to regain compliance [2]. - If the Company fails to regain compliance within this period, it may be eligible for an additional 180 days if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. Group 2: Company's Response and Future Plans - The Company is currently evaluating options to regain compliance and intends to make reasonable efforts to meet Nasdaq's continued listing requirements [3]. - There is no assurance that the Company will successfully regain compliance with the Nasdaq listing rules [3]. Group 3: Company Background - Fenbo Holdings Limited was founded in 1993 and initially operated as a toy manufacturer before shifting focus to personal care electric appliances in 2005 [4]. - The manufacturing subsidiary, Fenbo Plastic Products Factory (Shenzhen) Ltd., was established in 2010 and has a production capacity of over three million units per year [4]. - The Company operates as both an original equipment manufacturer and has historically served as an original design manufacturer [4].
Athira Pharma Announces Reverse Stock Split
Globenewswire· 2025-09-11 13:00
Core Viewpoint - Athira Pharma, Inc. will implement a 10-for-1 reverse stock split to comply with Nasdaq's minimum bid price requirement and enhance the marketability and liquidity of its common stock [1][2][3]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on September 17, 2025, at 5:00 p.m. Eastern Time, with trading on a split-adjusted basis starting on September 18, 2025 [2]. - Every ten shares of Athira's common stock will be combined into one share, reducing the total number of authorized shares from 900 million to 90 million [3]. - The par value per share will remain unchanged at $0.0001, and adjustments will be made to outstanding options and restricted stock units [3]. Group 2: Impact and Purpose - The reverse stock split aims to increase the share price to meet the $1.00 minimum bid price requirement for continued listing on Nasdaq [2]. - The company anticipates that the split will improve the marketability and liquidity of its common stock, potentially attracting a broader range of investors [2][3]. Group 3: Administrative Aspects - Computershare Inc. will act as the exchange agent for the reverse stock split, and registered stockholders will not need to take action to receive post-split shares [4]. - Stockholders holding shares in brokerage accounts will have their positions automatically adjusted to reflect the reverse stock split [4].
Stardust Power Announces Reverse Stock Split to Regain Nasdaq Compliance and Position for Long-Term Growth
Globenewswire· 2025-09-04 10:00
Core Viewpoint - Stardust Power Inc. is executing a 1-for-10 reverse stock split to regain compliance with Nasdaq listing requirements and enhance access to capital markets, which is crucial for advancing its U.S. lithium refining project [2][3][4]. Group 1: Reverse Stock Split Details - The reverse stock split will take effect on September 8, 2025, at 12:01 a.m. Eastern Time, with every ten shares combined into one share, reducing the number of outstanding shares to approximately 8,458,975 [3]. - The par value per share remains unchanged at $0.0001, and no fractional shares will be issued; instead, stockholders entitled to a fractional share will receive a cash payment [3]. Group 2: Strategic Importance - The reverse stock split is intended to strengthen the company's credibility with institutional investors and provide ongoing liquidity for shareholders, aligning with its long-term strategy for funding and advancing its lithium refining project [2][4]. - This action is not indicative of the company's fundamentals but is a strategic measure to ensure broader access to long-only institutional investors [4]. Group 3: Future Milestones - Stardust Power anticipates several key milestones, including the completion of Front-End Loading (FEL) 3 engineering work, advancement in permitting, securing project financing for the Phase 1 capital expenditure, and commencing heavy construction on the lithium processing facility in Muskogee, Oklahoma [5]. - Each of these milestones represents operational progress and potential value inflection points for shareholders, reinforcing the company's mission to establish a secure domestic supply of battery-grade lithium in North America [5]. Group 4: Company Overview - Stardust Power is focused on developing battery-grade lithium products to enhance America's energy leadership and is building a lithium processing facility in Muskogee, Oklahoma, with an anticipated capacity of producing up to 50,000 metric tons per annum [7].
Concerned Vaxart Stockholders Urge Fellow Stockholders to Vote “AGAINST” Reverse Stock Split and Demand Board Accountability
GlobeNewswire News Room· 2025-09-02 13:00
Core Viewpoint - Concerned Vaxart Stockholders, owning over 2.5 million shares, are urging fellow stockholders to vote "AGAINST" the proposed reverse stock split at the upcoming special meeting on September 5, 2025 [1] Group 1: Stockholder Opposition - The Board is seeking stockholder approval for a reverse stock split despite previous clear opposition from stockholders, who rejected a similar proposal at the June 13, 2025 annual meeting [2] - At the 2025 Annual Meeting, 59.1% of stockholders voted "AGAINST" the reverse stock split proposal, indicating a significant lack of confidence in the Board [3] Group 2: Board Accountability - The Board continues to act unilaterally, disregarding stockholder sentiment, and is perceived to be pursuing a value-destructive course of action [3] - The Concerned Vaxart Stockholders are calling for stockholders to unite and demand accountability from the Board regarding the reverse stock split proposal [4]
Nauticus Robotics Announces 1-for-9 Reverse Stock Split
Prnewswire· 2025-09-02 12:35
Core Viewpoint - Nauticus Robotics, Inc. will implement a 1-for-9 reverse stock split to increase its share price and comply with Nasdaq's minimum bid price requirement [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will consolidate every 9 shares of common stock into 1 share, resulting in a proportional increase in share price [2][3]. - The reverse split is expected to take effect on September 5, 2025, with after-market trading suspended on September 4, 2025 [5]. - Shareholders holding shares electronically will not need to take any action, while those with certificated shares will receive instructions from the transfer agent [6]. Group 2: Impact on Shareholders - Current shareholders will retain the same ownership percentage in Nauticus after the reverse split, and the overall value of the company will remain unchanged [4][3]. - Fractional shares will be rounded up to the nearest whole share during the consolidation process [4]. Group 3: Company Overview - Nauticus Robotics develops autonomous robots for ocean industries, utilizing sensors, AI, and algorithms for operational efficiency [8]. - The company's business model includes robotic systems for service, vehicle sales, and software licensing across commercial and defense sectors [8]. - Nauticus aims to reduce operational costs and environmental impact while enhancing safety and efficiency in subsea operations [8][9].
ChatGPT-5 explains how to maximize returns from Lucid's stock split
Finbold· 2025-08-31 19:32
Core Viewpoint - Lucid Motors announced a 1-for-10 reverse stock split, effective August 29, reducing authorized shares from 15 billion to 1.5 billion, which is expected to impact share price and market perception [1]. Group 1: Market Reaction - Following the announcement of the reverse stock split, Lucid's shares fell over 4% in a single day, closing at $1.98, and have decreased nearly 35% year-to-date [2]. - Current short interest stands at 280.3 million shares, with a previous short interest of 300.42 million shares, indicating a decrease of 6.7% [3]. Group 2: Investment Opportunities - Despite the negative market reaction, some investors may seek to capitalize on the stock split, which could raise the share price from approximately $2 to $20, potentially influencing market psychology [4]. - The AI model suggests that traders might find better opportunities before the split due to potential short-term gains, but holding post-split may carry risks as focus may return to Lucid's financial challenges [5]. Group 3: Long-term Outlook - Lucid's long-term success is contingent on execution, particularly with the launch of the Gravity SUV, partnerships with Uber and Nuro, and support from Saudi Arabia's Public Investment Fund [6]. - For sustainable growth, it is essential for Lucid to demonstrate progress in production and profitability; otherwise, the stock may struggle to maintain gains after the split [8].
Why Lucid Stock Skidded to a More Than 4% Loss Today
The Motley Fool· 2025-08-29 22:49
Core Viewpoint - Lucid Group's stock price declined over 4% following a reverse stock split and a bearish price-target adjustment by an analyst, contrasting with the S&P 500's smaller decline of 0.6% [1] Group 1: Stock Performance and Market Reaction - The reverse stock split, a 1-for-10 adjustment, took effect late Friday, leading to negative sentiment among investors [2] - The stock's decline reflects concerns about Lucid's ability to meet exchange-listing requirements, as the company has consistently traded below these thresholds [2] Group 2: Analyst Insights - Analyst Stephen Gengaro from Stifel reduced his price target for Lucid from $3.00 to $2.10 post-split, maintaining a hold recommendation despite the downgrade [3] - Gengaro's adjustment was influenced by Lucid's second quarter results, where revenue slightly exceeded estimates, but gross profit and non-GAAP EBITDA fell short [4] Group 3: Company Outlook and Financial Needs - Gengaro expressed optimism about Lucid's technology and product offerings, including the Air sedan and the upcoming Gravity SUV, but highlighted the need for the company to raise additional capital in the coming years due to its financial state [5]
Should You Buy Lucid Stock Ahead of Its 1-for-10 Reverse Stock Split?
The Motley Fool· 2025-08-29 17:54
Group 1 - Lucid Group is implementing a reverse 1-for-10 stock split, effective August 29, which often indicates financial trouble for a company [1][2] - The stock price has fallen over 30% since the announcement of the reverse split on July 17, and the current market capitalization is approximately $6.3 billion [1][3] - The reverse split is intended to maintain share prices above internal minimums set by institutional buyers, rather than to meet Nasdaq's $1 minimum listing requirement [2][3] Group 2 - Historically, stocks undergoing a reverse split tend to experience a price drop, including an immediate decline and a subsequent downward drift over the following months [5][6] - Lucid's reverse split may lead to the liquidation of odd share lots, which could further contribute to downward pressure on the stock price [6] - A similar situation occurred with Canoo, which experienced a 7% drop on the day of its reverse split and continued to decline over the following weeks [7] Group 3 - In its latest earnings report, Lucid reported a larger-than-expected loss and reduced its production forecast for the year from about 20,000 vehicles to 18,000 to 20,000 vehicles [8] - The expiration of the $7,500 federal EV tax credit on September 30 is expected to negatively impact EV sales, indicating a challenging second half of 2025 for the U.S. EV industry [8] - Despite some positive developments, such as a partnership with Uber and a 38% year-over-year increase in vehicle deliveries in Q2, Lucid remains unprofitable and is behind on production targets for its Gravity SUV [9][10]
Vaxart Granted Extension by Nasdaq to Regain Compliance
Globenewswire· 2025-08-29 12:00
Core Viewpoint - Vaxart, Inc. has received approval from the Nasdaq Hearings Panel to implement a plan to regain compliance with Nasdaq's minimum bid price requirement, contingent upon completing a reverse stock split and demonstrating compliance by specified deadlines [1][2][5]. Group 1: Compliance Plan - The company must obtain stockholder approval for a reverse stock split by September 5, 2025, complete the reverse stock split by October 6, 2025, and demonstrate compliance with Nasdaq Listing Rule 5550(a)(2) by October 17, 2025 [2][3]. - Vaxart's management presented a compliance plan during a hearing on August 14, 2025, which included changes to the reverse stock split proposal, such as narrowing the proposed ratio and reducing the number of authorized shares [3]. Group 2: Stakeholder Engagement - The company is actively engaging with stockholders to address their questions and concerns, including a virtual fireside chat held on August 20, 2025 [4]. - CEO Steven Lo emphasized the importance of stockholder support for the reverse stock split to secure the company's future on Nasdaq [5]. Group 3: Company Overview - Vaxart is a clinical-stage biotechnology company focused on developing oral recombinant vaccines using a proprietary delivery platform, which allows for storage and shipping without refrigeration [7]. - The company's vaccine development programs include candidates for coronavirus, norovirus, influenza, and a therapeutic vaccine for human papillomavirus (HPV) [7].