SplitMay 19, 2026, 04:38 PM
ZOOZ Announces 1-for-20 Reverse Share Split Effective June 1
AI Summary
ZOOZ Strategy Ltd. announced the expected implementation of a 1-for-20 reverse share split, effective before market open on June 1, 2026. Following the split, the company's issued and outstanding ordinary shares will decrease from approximately 162 million to 8.1 million. The reverse split, approved by shareholders on May 11, 2026, will also amend the company's Articles of Association, adjusting the authorized share capital and increasing the par value per share.
Key Highlights
- ZOOZ Strategy Ltd. will implement a 1-for-20 reverse share split.
- The reverse split is expected to be effective before market open on June 1, 2026.
- Ordinary Shares will begin trading on Nasdaq and TASE on a post-split basis on June 1, 2026.
- Issued and outstanding ordinary shares will decrease from ~162M to ~8.1M.
- Authorized share capital will be NIS 2,860,000, divided into 50,000,000 Ordinary Shares.
- Par value per share will increase from NIS 0.00286 to NIS 0.0572.
- Fractional shares will be rounded up to the nearest whole ordinary share.
- All outstanding options, warrants, and other convertible securities will be adjusted proportionally.
Price Impact
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