SplitOct 1, 2026, 05:26 PM
Gauzy Ltd. Announces 1-for-20 Reverse Share Split
AI Summary
Gauzy Ltd. has announced a 1-for-20 reverse share split of its ordinary shares, effective September 10, 2026. The company expects this move to increase its share price and help maintain compliance with Nasdaq's minimum bid price requirement. The split will adjust outstanding shares from approximately 22.8 million to 1.14 million, with fractional shares rounded down. Trading on a split-adjusted basis will commence on September 11, 2026.
Key Highlights
- Gauzy Ltd. announced a 1-for-20 reverse share split of its ordinary shares.
- The reverse split will become effective at 11:59 p.m. Eastern Time on September 10, 2026.
- Ordinary Shares will trade on a split-adjusted basis starting September 11, 2026.
- The new CUSIP number for the Ordinary Shares will be M4757U114.
- Approximately 22,862,718 ordinary shares outstanding will be reduced to 1,143,135 post-split.
- Fractional shares resulting from the split will be rounded down to the nearest whole share.
- The reverse split aims to increase the per share trading price and maintain Nasdaq compliance.
Price Impact
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