SplitJul 24, 2026, 04:06 PM
RMX Industries Announces 1-for-3 Reverse Stock Split
AI Summary
RMX Industries, Inc. announced a 1-for-3 reverse stock split for its Class A and Class B common stock, effective July 24, 2026. This action aims to increase the per-share price to improve marketability and liquidity, and to satisfy listing requirements for an uplisting to a national securities exchange like the NYSE American. The split proportionally reduced both authorized and outstanding shares, with fractional shares being rounded up.
Key Highlights
- RMX Industries implemented a 1-for-3 reverse stock split for Class A and Class B common stock.
- The reverse split became effective on July 24, 2026, at 5:00 p.m. Eastern Time.
- Authorized Class A Common Stock reduced from 196.4 million to 65.46 million shares.
- Authorized Class B Common Stock reduced from 3.6 million to 1.2 million shares.
- Outstanding Class A Common Stock reduced from 30.04 million to approximately 10.01 million shares.
- Outstanding Class B Common Stock reduced from 1 million to approximately 333,334 shares.
- Purpose is to increase share price to improve marketability, liquidity, and meet NYSE American uplisting requirements.
- Fractional shares resulting from the split will be rounded up to the nearest whole share.
Price Impact
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