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Actelis Networks Announces Reverse Stock Split
Globenewswire· 2025-11-14 14:00
Core Viewpoint - Actelis Networks, Inc. has announced a one-for-ten reverse stock split of its common stock, effective before trading opens on November 18, 2025, to increase the stock price and attract institutional investors [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every 10 shares of the Company's outstanding common stock into one share [2]. - The number of outstanding shares will decrease from approximately 17.5 million to about 1.75 million, while the number of authorized shares will remain unchanged [3]. - Fractional shares resulting from the reverse stock split will be rounded up to the next whole number [3]. Group 2: Stockholder Actions - Registered stockholders holding shares in book-entry or through a bank or broker do not need to take any action regarding the reverse stock split [4]. - Stockholders with physical stock certificates will receive instructions from the Company's transfer agent, VStock Transfer, LLC, for exchanging their certificates [4]. Group 3: Company Overview - Actelis Networks is a leader in hybrid fiber-copper networking solutions for IoT applications, providing fiber-grade performance with cost efficiency [6]. - The Company also offers AI-based cyber monitoring and protection through its "Cyber Aware Networking" initiative, enhancing network security [6].
Bio Green Med Solution Reports Third Quarter Financial Results and Provides Business Update
Globenewswire· 2025-11-13 21:40
Core Viewpoint - Bio Green Med Solution, Inc. has transitioned from the biopharmaceutical industry to focus on fire safety protection and distribution activities, following its acquisition of Fitters Sdn. Bhd. and recent financial updates indicate a shift in operational focus and financial performance [9]. Financial Highlights - As of September 30, 2025, cash and cash equivalents increased to $3.8 million from $3.1 million as of December 31, 2024 [2]. - Net cash used in operating activities was $0.4 million for the three months ended September 30, 2025, with current cash resources expected to fund operations into the first quarter of 2026 [2]. - Product revenue from fire safety equipment sales was $81,000 for the three months ended September 30, 2025, with a cost of sales of $64,000 [3]. Operational Changes - The company completed a one-for-fifteen reverse stock split on July 7, 2025, to meet Nasdaq Capital Market requirements [4]. - In September 2025, the company entered into a Warrant Exchange Agreement to exchange existing warrants for shares of common stock [4]. - The acquisition of Fitters Sdn. Bhd. was finalized on September 12, 2025, making it a wholly-owned subsidiary [4]. - An Asset Purchase Agreement was signed in October 2025 to sell certain assets related to Plogosertib for $300,000, plus potential milestone payments [4]. Research and Development - Research and development expenses were $0 for the three months ended September 30, 2025, a significant decrease from $1.0 million for the same period in 2024, due to the liquidation of the UK subsidiary [5]. - The company paused expenditures related to Plogosertib while exploring alternative formulations [5]. Income and Loss - The net loss for the three months ended September 30, 2025, was $1.0 million, compared to a net loss of $2.0 million for the same period in 2024 [8]. - Total operating expenses decreased from $2.2 million in 2024 to $1.1 million in 2025, primarily due to reduced research and administrative costs [6]. Tax Credits - There were no research and development tax credits for the three months ended September 30, 2025, following the liquidation of the UK subsidiary, which resulted in the loss of eligibility for recoverable tax credits [7]. Shareholder Returns - A quarterly cash dividend of $0.15 per share on the company's 6% Convertible Exchangeable Preferred Stock was declared and paid on November 1, 2025 [4].
Semilux Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Compliance
Globenewswire· 2025-11-12 21:15
Core Viewpoint - Semilux International Ltd. is currently not in compliance with Nasdaq's minimum bid price requirement, as its ordinary shares have been trading below $1.00 for 30 consecutive business days, but it has a compliance period of 180 days to rectify this situation [1] Group 1: Compliance Notification - The company received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) [1] - The closing bid price of the company's ordinary shares was below $1.00 for 30 consecutive business days [1] - The compliance period lasts until May 11, 2026, during which the company must achieve a closing bid price of at least $1.00 for 10 consecutive business days to regain compliance [1] Group 2: Potential Actions - The company intends to monitor its closing bid price and may consider options such as a reverse stock split to regain compliance with Nasdaq's minimum bid price requirement [2] Group 3: Company Overview - Semilux is based in the Cayman Islands and operates through its subsidiaries, including Taiwan Color Optics, Inc. (TCO) [3] - TCO specializes in optical and 3D sensing technology, providing customized optical components and integrated chips for various industries, including autonomous driving and intelligent lighting [3] - The applications of TCO's products include automotive laser headlight systems, adaptive driving beams, and light detection and autonomous driving systems (LiDAR) [3]
Polestar plans reverse stock split to keep Nasdaq listing as losses mount
Reuters· 2025-11-12 12:02
Core Viewpoint - Polestar announced a reverse stock split to reduce the number of existing shares while increasing their value, aiming to retain investor confidence amidst ongoing losses in the electric vehicle market [1] Company Summary - The reverse stock split is part of Polestar's strategy to enhance its stock price and appeal to investors [1] - The company is currently facing challenges as a loss-making electric vehicle manufacturer [1] Industry Summary - The electric vehicle industry is experiencing significant pressures, with companies like Polestar striving to maintain investor interest despite financial losses [1]
Fly-E Group, Inc. (NASDAQ: FLYE) Executes Reverse Stock Split Amid Legal Challenges
Financial Modeling Prep· 2025-11-05 03:11
Core Viewpoint - Fly-E Group, Inc. has executed a reverse stock split at a 20-for-1 ratio, which may indicate financial distress or an effort to meet exchange listing requirements [1][5] Group 1: Corporate Actions - The reverse stock split was executed on November 4, 2025, consolidating shares and potentially increasing the stock price [1][5] - The reverse stock split may also signal financial distress for the company [1][5] Group 2: Legal Challenges - A class action lawsuit has been filed by Johnson Fistel, PLLP against Fly-E Group, targeting the period from July 15, 2025, to August 14, 2025, seeking to recover losses for investors [2] - The lawsuit could negatively impact Fly-E's financial health and investor trust [2][5] Group 3: Stock Performance - Fly-E's stock has shown significant volatility, trading between $6.85 and $10.37 today, with a yearly high of $166 and a low of $6.85 [3] - The company's market capitalization is approximately $138.4 million, with a trading volume of 92,697 shares, indicating investor interest and activity [4]
Skycorp Solar Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2025-11-03 21:15
Core Viewpoint - Skycorp Solar Group Limited has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement for its Class A ordinary shares, which must be at least $1.00 for continued listing [1][2]. Compliance Period - The company has an initial compliance period of 180 calendar days, until April 28, 2026, to regain compliance with the minimum bid price requirement [2]. - To regain compliance, the closing bid price must be at least $1.00 for at least 10 consecutive business days [2]. Additional Compliance Options - If the company fails to regain compliance by April 28, 2026, it may be eligible for an additional 180 calendar day compliance period, provided it meets other listing requirements [3]. - The company must notify Nasdaq of its intention to cure the deficiency, potentially through a reverse stock split [3]. Monitoring and Operations - The company will actively monitor the closing bid price of its Class A ordinary shares, and the receipt of the notice does not affect its business operations [4]. Company Overview - Skycorp Solar Group Limited specializes in manufacturing and selling solar photovoltaic (PV) products, including solar cables and connectors [5]. - The company aims to become a green energy solutions provider for data centers by utilizing solar power and expanding its offerings of solar PV products and server solutions [6].
Global Engine Group Holding Limited Receives Nasdaq Minimum Bid Price Deficiency Notice
Globenewswire· 2025-10-31 20:20
Core Points - Global Engine Group Holding Limited has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement of $1 per share [1][2] - The company has 180 calendar days until April 27, 2026, to regain compliance by maintaining a closing bid price of at least $1.00 for 10 consecutive business days [3] - The notice does not immediately affect the trading of the company's shares, which will continue to be listed under the symbol "GLE" [4] Company Overview - Global Engine Group Holding Limited is an integrated solutions provider in information communication technologies (ICT) based in Hong Kong [5] - The company offers ICT solution services, technical services, and project management services targeting small to medium-sized telecom operators, data center providers, and IoT solutions providers [5]
Actelis Receives Notice from Nasdaq Confirming Compliance with Stockholders Equity Requirement
Globenewswire· 2025-10-31 12:32
Core Points - Actelis Networks, Inc. has regained compliance with Nasdaq's stockholders' equity requirement for continued listing on The Nasdaq Capital Market [1] - The company has been granted an extension until December 5, 2025, to demonstrate compliance with the $1.00 bid price requirement [2] - A special meeting of shareholders is scheduled for November 7, 2025, to seek approval for a reverse stock split to meet the bid price requirement [2] - The company is optimistic about sustaining compliance with Nasdaq's requirements and delivering value to shareholders [3] - If compliance is regained by the deadline, the company will be monitored by a Panel for one year, until October 28, 2026 [3] Company Overview - Actelis Networks, Inc. specializes in hybrid fiber-copper networking solutions for IoT applications across various sectors, including government, military, and telecom [4] - The company offers fiber-grade performance with the cost-efficiency of hybrid networks and provides AI-based cyber monitoring for enhanced network security [4]
Wellchange Holdings Company Receives 180-Day Extension from Nasdaq to Regain Compliance with Minimum Bid Price Requirement
Globenewswire· 2025-10-30 11:00
Core Points - Wellchange Holdings Company has been granted an additional 180-calendar-day compliance period by Nasdaq to regain compliance with the minimum bid price requirement, extending the deadline to April 27, 2026 [1][3] - The company was previously notified on April 30, 2025, that it did not meet the minimum bid price requirement of $1.00 per share for 30 consecutive business days, with the initial compliance period ending on October 27, 2025 [2][4] - To regain compliance, Wellchange's Class A ordinary shares must maintain a closing bid price of at least $1.00 for a minimum of ten consecutive business days during the new compliance period [4] Company Overview - Wellchange Holdings Company Limited is an enterprise software solution services provider based in Hong Kong, operating through its subsidiary Wching Tech Ltd Co [5] - The company specializes in customized software solutions, cloud-based SaaS platforms, and white-label software design and development services [5] - Wellchange aims to empower small and medium businesses to accelerate digital transformation, optimize productivity, and improve customer experiences with its integrated ERP software solutions [5]
iPower Announces 1-for-30 Reverse Stock Split
Globenewswire· 2025-10-21 18:15
Core Viewpoint - iPower Inc. will implement a reverse stock split at a ratio of 1-for-30, effective October 27, 2025, to increase its stock price and comply with Nasdaq's minimum bid price requirement [1] Group 1: Reverse Stock Split Details - The reverse stock split will take effect at 12:01 a.m. Eastern Time on October 27, 2025, with trading on a split-adjusted basis beginning that day under the ticker symbol "IPW" [1] - No fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [2] Group 2: Company Overview - iPower Inc. is a technology- and data-driven online retailer that provides value-added e-commerce services for third-party products and brands [3] - The company operates a nationwide fulfillment network and is expanding its infrastructure across software, logistics, and manufacturing, with plans to pursue initiatives in digital assets and blockchain integration [3]