$AZTROct 16, 2026, 8:00 AM ETAI processed
Azitra (AZTR) to implement 1-for-10 reverse stock split effective Oct 26, 2026
AI Summary
Azitra (AZTR) will implement a 1-for-10 reverse stock split effective 12:01 AM ET on Oct 26, 2026, with shares trading on a split-adjusted basis on the NYSE American under AZTR when the market opens that day. The split reduces outstanding shares from ~60.6M to ~6.06M, will proportionally adjust equity awards and warrants, and fractional shares will be paid out in cash (without interest) based on the five trading-day pre-split average closing price.
Positives
- 1-for-10 reverse split approved by board to take effect Oct 26, 2026
- Outstanding share count will drop from ~60.6M to ~6.06M, increasing per-share basis
- Shares will continue trading on NYSE American under ticker AZTR on a split-adjusted basis
Negatives
- Company warns reverse split may not affect stock price or ability to maintain NYSE American listing
- Fractional shares will be cashed out without interest
- Reverse split is a capital-structure change and does not alter shareholders' percentage ownership or underlying business fundamentals