StockWatch
·
Biotechnology: Pharmaceutical Preparations
SplitJun 29, 2026, 06:21 AM

Rockwell Medical Implements 1-for-10 Reverse Stock Split Effective July 1

AI Summary

Rockwell Medical, Inc. has filed an amendment to its certificate of incorporation to effect a one-for-ten reverse stock split of its common stock. The split, approved by stockholders, will become effective at 12:01 a.m. Eastern Time on July 1, 2026, with trading on a split-adjusted basis commencing the same day under a new CUSIP number. Fractional shares will be paid in cash, and proportionate adjustments will be made to outstanding equity awards, preferred stock, and warrants.

Key Highlights

  • Rockwell Medical implemented a one-for-ten reverse stock split.
  • The reverse stock split is effective 12:01 a.m. Eastern Time on July 1, 2026.
  • Common Stock will trade on a split-adjusted basis from July 1, 2026, under new CUSIP 774374409.
  • No fractional shares will be issued; cash will be paid based on June 30, 2026 closing price.
  • Proportionate adjustments will be made to equity plans, preferred stock, and warrants.