SplitJul 22, 2026, 06:07 AM
Picard Medical Announces 1-for-50 Reverse Stock Split
AI Summary
Picard Medical, Inc. announced a 1-for-50 reverse stock split of its common stock, effective July 31, 2026. Trading on a split-adjusted basis will begin on August 3, 2026, under the existing ticker "PMI" and a new CUSIP number. This corporate action, approved by stockholders and the Board, is intended to support the company's continued compliance with NYSE American listing standards, with fractional shares being rounded up.
Key Highlights
- Picard Medical, Inc. announced a 1-for-50 reverse stock split of its common stock.
- The reverse stock split will become effective on July 31, 2026, at 5:00 PM ET.
- Split-adjusted trading on NYSE American will commence on August 3, 2026.
- The common stock has been assigned a new CUSIP number: 71953R 207.
- Fractional shares resulting from the split will be rounded up to the nearest whole share.
- The action aims to support continued compliance with NYSE American listing standards.
Price Impact
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