SplitMay 20, 2026, 09:21 AM
Lunai Bioworks Announces 1-for-8 Reverse Stock Split
AI Summary
Lunai Bioworks Inc. announced a 1-for-8 reverse stock split of its common stock, effective May 22, 2026. The action is intended to increase the market price per share to help the company regain compliance with Nasdaq's minimum bid price requirement of $1.00. This marks the second reverse stock split for the company, following a 1-for-10 split in September 2025.
Key Highlights
- Lunai Bioworks announced a 1-for-8 reverse stock split of its common stock.
- The reverse stock split is expected to become effective on May 22, 2026, at 12:01 a.m. Eastern Time.
- Trading on a split-adjusted basis will begin on The Nasdaq Capital Market on May 22, 2026, under symbol LNAI.
- The primary goal is to increase the market price per share to regain compliance with Nasdaq's $1.00 minimum bid price rule.
- The number of issued and outstanding shares will decrease from approximately 36.27 million to 4.53 million.
- Any fractional shares resulting from the split will be rounded up to the next whole share.
- The company previously effected a 1-for-10 reverse stock split on September 30, 2025.
Price Impact
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