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Fusion Fuel Green PLC Announces Reverse Share Split to Regain Compliance with Nasdaq’s Minimum Bid Price Rule
Globenewswire· 2025-07-10 12:00
Core Points - Fusion Fuel Green PLC announced a 1-for-35 reverse share split of its Class A Ordinary Shares to regain compliance with Nasdaq's minimum bid price requirement [3][4] - The reverse share split will take effect on July 14, 2025, with the new CUSIP number being G3R25D 209 [2] - Following the reverse share split, the number of issued and outstanding Class A Ordinary Shares will decrease from approximately 27,418,159 to approximately 783,376 [5] Company Actions - The board of directors approved the reverse share split on June 25, 2025, during the Annual General Meeting [4] - Shareholders also approved an increase in the Company's authorized share capital to ensure 100,000,000 authorized Class A Ordinary Shares post-split [4][5] - The nominal value of each Class A Ordinary Share will be adjusted to $0.0035 as a result of the reverse share split [5] Shareholder Information - No fractional shares will be issued; any resulting fractional shares will be rounded up to the nearest whole share [6] - Registered shareholders will not need to take action to receive their post-split shares, and those holding shares electronically will see the changes reflected automatically [6] Company Overview - Fusion Fuel Green PLC is an energy company providing engineering, advisory, and fuel distribution solutions, actively expanding into new sectors and geographies [8]
Fusion Fuel Green PLC Announces Reverse Share Split to Regain Compliance with Nasdaq's Minimum Bid Price Rule
GlobeNewswire News Room· 2025-07-10 12:00
Core Points - Fusion Fuel Green PLC announced a 1-for-35 reverse share split to regain compliance with Nasdaq's minimum bid price requirement [3][5] - The reverse share split will reduce the number of issued and outstanding Class A Ordinary Shares from approximately 27,418,159 to approximately 783,376 [5] - The new nominal value of each Class A Ordinary Share will be adjusted to $0.0035 following the reverse share split [5] Company Actions - The reverse share split was approved by the board of directors on June 25, 2025, during the Annual General Meeting [4] - Shareholders also approved an increase in the Company's authorized share capital to ensure 100,000,000 authorized Class A Ordinary Shares post-split [4][5] - The reverse share split will not result in fractional shares; any resulting fractional shares will be rounded up to the nearest whole share [6] Trading Information - The Class A Ordinary Shares will continue to trade on Nasdaq under the symbol "HTOO" and will begin trading on a split-adjusted basis on July 14, 2025 [2] - The new CUSIP number for the Class A Ordinary Shares after the reverse share split will be G3R25D 209 [2]
Jeff’s’ Brands Announces 1-for-17 Reverse Share Split
Globenewswire· 2025-06-12 12:30
Core Viewpoint - Jeffs' Brands Ltd plans to implement a one-for-seventeen reverse share split, reducing the number of outstanding shares from approximately 9.4 million to about 553,385, effective June 16, 2025 [1][3]. Group 1: Reverse Share Split Details - The reverse share split was approved by shareholders on April 28, 2025, and will be executed at the board's discretion [2]. - The reverse split will not change the authorized share capital, which remains at 1.5 billion ordinary shares [2]. - All shareholders will be affected uniformly, with no change to their percentage ownership, except for minor adjustments related to fractional shares [3]. Group 2: Shareholder Impact - The number of issued and outstanding ordinary shares will decrease significantly, from 9,407,534 to approximately 553,385 [3]. - Fractional shares will not be issued; instead, they will be rounded to the nearest whole share at the DTC participant level [3]. - Adjustments will be made to the exercise price and the number of shares for all outstanding options and warrants, with similar rounding for fractional shares [3]. Group 3: Company Overview - Jeffs' Brands is focused on transforming e-commerce by creating and acquiring products to become market leaders, leveraging insights into the Amazon FBA business model [4].
Jeff's' Brands Announces 1-for-17 Reverse Share Split
GlobeNewswire News Room· 2025-06-12 12:30
Core Viewpoint - Jeffs' Brands Ltd plans to implement a one-for-seventeen reverse share split, reducing the number of outstanding shares from approximately 9.4 million to about 553,385, effective June 16, 2025 [1][3]. Group 1: Reverse Share Split Details - The reverse share split was approved by shareholders on April 28, 2025, and will be executed at the board's discretion [2]. - The reverse split will not change the authorized share capital, which remains at 1.5 billion ordinary shares [2]. - All shareholders will be affected uniformly, with no change to their percentage ownership, except for minor adjustments related to fractional shares [3]. Group 2: Shareholder Impact - The number of issued and outstanding ordinary shares will decrease significantly, and fractional shares will be rounded to the nearest whole share [3]. - Adjustments will be made to the exercise price and the number of shares for all outstanding options and warrants, with no fractional shares issued upon exercise [3]. Group 3: Company Overview - Jeffs' Brands is focused on transforming e-commerce by creating and acquiring products, leveraging insights into the Amazon FBA business model [4].
Freight Technologies Announces 1-for-4 Reverse Share Split
Globenewswire· 2025-05-22 13:00
Core Viewpoint - Freight Technologies, Inc. has announced a one-for-four reverse share split of its ordinary shares, effective May 27, 2025, aimed at consolidating its share structure and potentially enhancing its stock price [1][2]. Share Structure Changes - The reverse split will reduce the number of outstanding ordinary shares from 9,145,074 to 2,286,269, with every four pre-split shares combining into one post-split share [2][4]. - The shares will continue to trade on the Nasdaq under the symbol "FRGT" but will have a new CUSIP number: G51413147 [2][4]. Fractional Shares Handling - No fractional shares will be issued; shareholders entitled to a fractional share will receive an additional share to round up to the next whole share if the fractional share is less than one-half [3]. - Fractional shares equal to less than one-half will be canceled [3]. Company Overview - Freight Technologies, Inc. specializes in logistics management and offers a range of technology-driven solutions, including the Fr8App platform for cross-border shipping, Fr8Now for less-than-truckload shipping, and other services aimed at optimizing supply chain processes [5]. - The company utilizes AI and machine learning to enhance operational efficiency and improve the matching of carriers and shippers [5].
Sol-Gel Announces Reverse Share Split
GlobeNewswire News Room· 2025-05-01 11:00
Core Points - Sol-Gel Technologies Ltd. announced a 10-for-1 reverse share split to increase the per share market price and regain compliance with Nasdaq's minimum bid price requirement [4][5][6] Group 1: Reverse Share Split Details - The reverse share split will consolidate every ten ordinary shares into one ordinary share, effective at 11:59 p.m. Eastern Time on May 2, 2025 [3][5] - The first trading day on Nasdaq under the new share structure is expected to be May 5, 2025, with the symbol "SLGL" remaining unchanged [3][4] - The par value of the ordinary shares will increase from NIS 0.1 to NIS 1.0, and the total share capital will adjust from 50 million to 5 million ordinary shares [6] Group 2: Shareholder Approval and Process - Shareholders approved the reverse split ratio at a special meeting on April 1, 2025, with the board of directors confirming the 10-for-1 ratio on April 9, 2025 [2] - Equiniti Trust Company, LLC will act as the exchange and transfer agent for the reverse split, and shareholders holding shares electronically will not need to take action to receive post-split shares [7] Group 3: Company Overview - Sol-Gel Technologies is focused on developing and commercializing drug products for skin diseases, with FDA-approved products including TWYNEO for acne and EPSOLAY for rosacea [8] - The company's pipeline includes SGT-610, an orphan drug candidate for Gorlin syndrome, and SGT-210, a topical drug candidate for rare skin keratodermas [9]