SplitJul 9, 2026, 09:26 AM
Beyond Air Announces 1-for-20 Reverse Stock Split
AI Summary
Beyond Air, Inc. approved a 1-for-20 reverse stock split of its common stock, effective July 13, 2026. The primary goal is to increase the per share bid price above $1.00 to regain compliance with Nasdaq listing rules. The company filed the necessary amendment with the Delaware Secretary of State on July 9, 2026.
Key Highlights
- Approved a 1-for-20 reverse stock split of common stock.
- Split becomes effective at 12:01 a.m. ET on July 13, 2026.
- Common stock will trade on a split-adjusted basis on Nasdaq from July 13, 2026.
- Purpose is to raise share price above $1.00 for Nasdaq compliance.
- Fractional shares will be rounded up to the nearest whole share.
- Authorized capital stock and par value remain unchanged.
- Shareholder percentage ownership and voting power remain largely unaffected.
Price Impact
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