SRx Global, Inc. announced it will execute a 1-for-60 reverse stock split of its common stock. This action is intended to regain compliance with the NYSE American's continued listing standards after the company received a notice of non-compliance due to its low share price.
Key Details
- Ratio & Effective Date: The 1-for-60 reverse stock split will be effective, and shares will trade on a post-split basis, at market open on July 6, 2026.
- Reason for Split: On June 23, 2026, NYSE American halted trading and notified the company it was not in compliance with listing standards as its stock had been selling for a low price, closing below $0.10.
- Shareholder Impact: No fractional shares will be issued; stockholders who would have received a fractional share will instead receive one whole share. The split will not alter any stockholder's ownership percentage, aside from adjustments for fractional shares.