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Cycurion, Inc. Announces Nasdaq Delisting Determination Letter
Globenewswire· 2025-10-20 20:30
Core Points - Cycurion, Inc. received a Delisting Determination Letter from Nasdaq on October 14, 2025, indicating the commencement of proceedings to delist its common stock due to non-compliance with the minimum bid price requirement [1][3] - The company was notified on April 9, 2025, that its stock price had been below the required minimum of $1.00 per share for 30 consecutive business days, with a compliance deadline of October 6, 2025 [2] - As of the deadline, Cycurion had not regained compliance, leading to the potential delisting of its shares scheduled for October 23, 2025, unless an appeal is filed [3] Appeal and Compliance Efforts - On October 20, 2025, Cycurion submitted a request to appeal the delisting determination to a Hearings Panel, which will stay the suspension of its securities pending the Panel's decision [4] - The company’s board approved a 30:1 reverse stock split to regain compliance with the Bid Price Rule, expected to take effect on October 27, 2025 [5] Future Listing Options - If the appeal is unsuccessful or compliance is not regained, Cycurion may seek to list its shares on the over-the-counter market, which is less liquid and could depress the trading price of its shares [6] Company Overview - Cycurion, Inc. is a cybersecurity solutions provider based in McLean, Virginia, specializing in IT cybersecurity, program management, and business continuity, serving various sectors including government and healthcare [7]
WORK Medical Technology Group LTD Granted Additional 180-Day Period to Regain Nasdaq Compliance
Globenewswire· 2025-10-10 13:00
Core Points - WORK Medical Technology Group LTD has received a notification from Nasdaq granting an additional 180-calendar-day period to regain compliance with the minimum bid price requirement [1][3] - The initial notice from Nasdaq indicated that WORK Medical's stock had failed to meet the minimum bid price requirement for 30 consecutive business days, leading to an initial compliance period that expired on October 6, 2025 [2] - To regain compliance, WORK Medical's stock must achieve a minimum closing bid price of $1.00 per share for at least 10 consecutive business days during the additional compliance period [4] Company Overview - WORK Medical Technology Group LTD, through its subsidiary, is a supplier of medical devices in China, developing and manufacturing Class I and II medical devices [5] - The company has a diverse product portfolio comprising 21 products, including customized and multifunctional masks, and has sold products in 34 provincial-level administrative regions in China and over 30 countries worldwide [5] - WORK Medical has received quality-related manufacturing designations and has registered 17 products with the U.S. Food and Drug Administration, allowing entry into the U.S. market [5]
ABRDN AUSTRALIA EQUITY FUND, INC. ANNOUNCES DETAILS OF UPCOMING 1-FOR-3 REVERSE STOCK SPLIT
Prnewswire· 2025-10-08 20:17
Core Viewpoint - The abrdn Australia Equity Fund, Inc. has announced a 1-for-3 reverse stock split aimed at increasing the market price per share and potentially broadening the investor base [1][5]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every three shares of the Fund's common stock into one share, effective before the market opens on October 23, 2025 [2][3]. - The new CUSIP number for the Fund's common stock will change from 003011103 to 003011111 [3]. - Post-split, shareholders will hold a proportionally reduced number of shares, but their percentage ownership in the Fund will remain unchanged [3][4]. Group 2: Impact on Distributions - The Fund will maintain its policy of paying quarterly distributions at an annual rate of 10% based on the rolling average of the Fund's NAV over the preceding three months [4]. - Shareholders may notice a higher per-share distribution amount after the split due to the reduced share count [4]. Group 3: Market Implications - The reverse stock split is expected to enhance the market for the Fund's shares and improve liquidity, potentially lowering transaction costs for investors [5]. - No fractional shares will be issued; instead, any resulting fractional shares will be aggregated and sold, with proceeds distributed pro rata among affected shareholders [6].
What's Going On With Lucid Group (LCID) Stock Wednesday?
Benzinga· 2025-10-08 20:12
Core Insights - Lucid Group Inc reported a record delivery of 4,078 vehicles in Q3, a 46% year-over-year increase, while producing 3,891 vehicles during the same period [1][2] - The company has revised its full-year 2025 production forecast to 18,000 to 20,000 vehicles, down from a previous target of 20,000 due to supply constraints and unexpected challenges [2] - A significant deal with Uber to deploy over 20,000 Lucid Robotaxis is seen as a potential long-term growth catalyst [2] Financial Performance - Investors are awaiting the full third-quarter financial results, which are scheduled for release on November 5 [3] - The stock closed up 2.32% at $22.52, trading within a 52-week range of $15.25 to $36.40 [4] - The stock is above its 50-day moving average of $21.63, indicating short-term bullish momentum, but below the 100-day moving average of $22.89, suggesting potential resistance [4] Market Sentiment - The stock has a weak Momentum score of 10.34 according to Benzinga Edge rankings, despite a positive short-term price trend [3] - The recent 1-for-10 reverse stock split and cautious production outlook have tempered investor enthusiasm [2]
3 E Network Technology Group Limited Receives Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globenewswire· 2025-09-30 01:53
Core Viewpoint - 3 E Network Technology Group Limited has received a deficiency letter from Nasdaq regarding non-compliance with the minimum bid price requirement for its ordinary shares [1][2]. Compliance Status - The company has a compliance period of 180 calendar days, until March 24, 2026, to regain compliance by achieving a closing bid price of $1.00 per share for at least 10 consecutive business days [2][3]. - If the company does not regain compliance within the initial period, it may be eligible for an additional compliance period, provided it meets other listing requirements [3][4]. Business Operations - The receipt of the deficiency letter does not affect the company's business operations, and it plans to monitor the closing bid price actively [5]. - 3 E Network is a B2B IT solutions provider, offering integrated software and hardware solutions across various sectors, including property management, food establishments, and clean energy utilities [6].
Fitell Corporation's Strategic Reverse Stock Split
Financial Modeling Prep· 2025-09-24 17:02
Core Viewpoint - Fitell Corporation has executed a reverse stock split at a ratio of 16 for 1 to enhance its stock appeal to investors, resulting in a significant price increase and reflecting positive market sentiment [1][2][5]. Company Overview - Fitell Corporation, trading under NASDAQ:FTEL, is an online retailer based in Australia, specializing in gym and fitness equipment [1]. - The company's market capitalization is approximately $177.8 million, indicating its size and value in the market [4]. Stock Performance - Following the reverse stock split, FTEL's stock price rose by 9.93% to $8.46, showing a positive market response [3][5]. - The stock has experienced a high of $792 and a low of $5.76 over the past year, highlighting its volatility [4]. - FTEL's trading volume is 3,385,342 shares, reflecting active investor interest and engagement [4][5]. Market Activity - Post-split, FTEL continues to trade on The Nasdaq Capital Market, with its stock price fluctuating between $7.12 and $15.79, indicating market volatility [3].
Lucid Stock Is Bucking the Trend After Its Reverse Split. But Should Investors Risk it?
Yahoo Finance· 2025-09-17 17:41
Group 1 - Lucid Group has experienced a significant decline in share price, down approximately 31% year-to-date, largely due to the announcement of a 1-for-10 reverse stock split in mid-July [1] - Following the reverse split on September 2, Lucid's shares have risen about 17%, and 28% from the low hit on September 3, which is atypical behavior for stocks post-reverse split [2][8] - Research indicates that stocks undergoing a reverse split typically see a drop in price before and after the split, but Lucid's stock defied this trend with a rise in price instead [3][4] Group 2 - After the reverse split announcement, Lucid's shares fell 36.5% until August 29, and then dropped an additional 10.8% on the first trading day post-split, followed by a further 7.6% decline over the next two days [4] - Despite the expected decline, trading volume for Lucid shares increased, and short interest rose to about 80% of outstanding shares, which usually exerts downward pressure on stock prices [6][7] - On September 10, as Lucid's stock price increased by 20% from its low, short interest decreased to approximately 12.8% of outstanding shares, stabilizing the stock price between $19 and $20 [9]
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].