$GAUZSep 8, 2026, 5:10 PM ETAI processed
Gauzy to implement 1-for-20 reverse share split effective Sept 10, 2026
AI Summary
Gauzy (NASDAQ: GAUZ) announced a 1-for-20 reverse share split effective 11:59 p.m. ET on Sept 10, 2026, with split-adjusted trading to begin on Nasdaq at the open on Sept 11 under the same ticker but a new CUSIP. The split will cut issued shares from 22,862,718 to about 1,143,135 post-split, will round down fractional shares (no fractional issuance), will adjust outstanding options/warrants/RSUs per their terms, and the company says the move aims to raise the per-share price to help maintain compliance with Nasdaq's minimum bid price rule.
Positives
- 1-for-20 split reduces outstanding share count to ~1.14M, which increases per-share price
- Company states split is intended to help meet Nasdaq minimum bid price requirement
- Equity derivatives (options/warrants/RSUs) will be adjusted to preserve economic effect
Negatives
- Fractional shares will be rounded down (no cash-in-lieu), which can dilute small holders
- Reverse split is often viewed negatively by the market as a sign of low share price
- No change to ownership percentages except effects from fractional-share rounding