ELBM is trading at $0.57 (6.8% up) in after-hours trading after a sharp regular-session drop tied to shareholder approval of a potential reverse stock split.
- The board is now authorized to enact a reverse split ranging from 1-for-2 to 1-for-6, which pressured the stock to a low of $0.53 during the June 24, 2026, session.
- Shares are seeing a modest rebound after hours as investors reassess the long-term impact of the split authorization following the initial sell-off.