ENvue Medical, Inc. (NASDAQ: FEED), a commercial-stage medical technology company, today announced that a reverse stock split of the Company’s issued and outstanding common stock, par value $0.001 per share at a ratio of 1-for-12 is expected to become effective on September 1, 2026. The Company's Common Stock will begin trading on the NASDAQ Capital Market on a post-split basis at the market open on September 1, 2026, under the Company's existing trading symbol "FEED".
After giving effect to the reverse stock split of the Company’s Common Stock, each 12 shares of Common Stock will be combined into one share of Common Stock, such that the Company’s 11,084,616 Common Stock outstanding will be reduced to approximately 923,718 shares of Common Stock outstanding. The Reverse Stock Split has no impact on the Company’s authorized shares, which remains 40,000,000 shares of Common Stock. No fractional shares will be issued as a result of the Reverse Stock Split as any fractional shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share on a per stockholder basis.
The Reverse Stock Split was approved by the Company’s board of directors under authority granted by the Company's stockholders at the Company’s Special Meeting of Stockholders held on August 14.
FEED shares slipped three cents, or 7%, to 34 cents.
Related Stories
