SplitJun 24, 2026, 05:27 PM
SRx Global Announces 1-for-60 Reverse Stock Split to Avoid Delisting
AI Summary
SRx Global announced a 1-for-60 reverse stock split, effective July 6, 2026, to regain compliance with NYSE American listing standards. The company was notified on March 23, 2026, that its stock price was below $0.10 for a substantial period, leading to a trading halt. The reverse split aims to increase the per-share price, with every 60 shares combining into one. Fractional shares will be rounded up to one whole share, and ownership percentages will remain largely unchanged.
Key Highlights
- SRx Global announced a 1-for-60 reverse stock split.
- The reverse stock split will be effective on July 6, 2026.
- NYSE American halted trading due to the stock price falling below $0.10.
- The company aims to regain compliance with NYSE American listing standards.
- Fractional shares resulting from the split will be rounded up to one whole share.
- The reverse split was authorized by shareholders within a 15-to-1 to 1-for-85 range.
Price Impact
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