
SplitJun 11, 2026, 05:06 PM
Shuttle Pharma Completes 1-for-10 Reverse Stock Split
AI Summary
Shuttle Pharmaceuticals Holdings, Inc. completed a one-for-ten reverse stock split, effective June 11, 2026. This action followed stockholder approval at the May 21, 2026 annual meeting, which authorized the Board to implement a reverse split within a 1:2 to 1:150 range. The reverse split adjusted the number of outstanding shares and proportionally impacted convertible securities without changing the total authorized shares or par value. Trading on The Nasdaq Capital Market commenced on a split-adjusted basis.
Key Highlights
- Shuttle Pharmaceuticals Holdings, Inc. effected a one-for-ten (1:10) reverse stock split.
- The reverse stock split became effective at the start of trading on June 11, 2026.
- Stockholders approved the Board's authority for a reverse split ratio from 1:2 to 1:150 at the May 21, 2026 annual meeting.
- The Board approved the 1:10 ratio on June 1, 2026, and filed the amendment on June 10, 2026.
- No fractional shares were issued; stockholders received one full share in lieu of fractional shares.
- The reverse split reduced shares issuable from outstanding warrants, RSUs, and convertible preferred stock proportionally.
- The exercise/conversion prices of convertible securities increased proportionately.
- The total number of authorized shares of common and preferred stock did not change.
- The new CUSIP number for the common stock is 825693500.
Price Impact
More from SHPH