SplitJul 13, 2026, 05:21 PM
T3 Defense Announces 1-for-50 Reverse Stock Split Effective July 20
AI Summary
T3 Defense Inc. announced a 1-for-50 reverse stock split of its common stock, approved by stockholders on June 24, 2026. The company filed the necessary Certificate of Amendment on July 13, 2026, with the split becoming effective on July 20, 2026. This action aims to increase the per share bid price above $1.00 to regain compliance with Nasdaq listing rules. Fractional shares will be rounded up, and the company's authorized capital stock will remain unchanged.
Key Highlights
- Approved a 1-for-50 reverse stock split of its common stock.
- Stockholders approved the reverse split on June 24, 2026.
- Certificate of Amendment filed with Delaware Secretary of State on July 13, 2026.
- Reverse Stock Split becomes effective on July 20, 2026, with trading on a split-adjusted basis.
- Purpose is to raise per share bid price above $1.00 to regain Nasdaq compliance.
- No fractional shares will be issued; rounded up to the nearest whole share.
- New CUSIP number for the Common Stock will be 67054R302.
- Authorized capital stock (150,000,000 common, 10,000,000 preferred) remains unchanged.
Price Impact
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