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will execute a 1-for-10 reverse stock split, with shares expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market on October 1, 2026.
The company stated that the action is intended to raise the per-share trading price to meet the Nasdaq Capital Market's minimum $1.00 bid price requirement for continued listing.
The board of directors approved the reverse stock split on September 18, 2026.
Following the implementation of the split, the number of outstanding shares of common stock will decrease from 6,506,860 to 650,686, subject to adjustment for the rounding up of fractional shares.
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