CDT Equity Inc. Announces Reverse Stock Split to Maintain Nasdaq Compliance
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- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The board of directors of CDT Equity Inc. approved a 1-for-25 reverse stock split of the company's common stock. This action is intended to ensure continued compliance with the Nasdaq bid-price rule. The company's stockholders had previously approved future reverse stock splits and granted the board authority to determine exact split ratios. The reverse stock split becomes effective on September 28, 2026, at 5:00 pm Eastern Time, and the adjusted trading begins on September 29, 2026.
From finanznachrichten.de
Why it matters
The corporate action directly impacts the share structure of CDT Equity Inc. The par value per share remains at $0.0001, but the proportional adjustments apply to the company's equity awards and incentive plans. This move is necessary to maintain its listing on the Nasdaq Capital Market.
From finanznachrichten.de
Who's involved
- NasdaqThe Nasdaq exchange where the company is listed.
- Cronos Group IncThe company undergoing the reverse stock split.
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The entities involved
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Nasdaq
American fully electronic stock exchange
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