Healthcare Triangle Announces 1-for-20 Reverse Stock Split to Meet Nasdaq Compliance
Healthcare Triangle (HCTI) has announced a 1-for-20 reverse stock split, scheduled to take effect at 12:01 a.m. ET on October 26, 2026. The primary objective of this corporate action is to bring the company back into compliance with the Nasdaq Capital Market's minimum bid price requirement of $1.00 per share. The split will significantly reduce the number of outstanding common shares from approximately 17.73 million to 886,501. Following the implementation, the stock will continue to trade on the Nasdaq under its current ticker symbol, HCTI. Market reaction was initially negative, with the stock price declining roughly 5% during pre-market trading.
Topics: Nasdaq compliance reverse stock split share consolidation
Read the full article at Seeking Alpha
Part of the story Envoy Medical Announces 1-for-10 Reverse Stock Split to Maintain Nasdaq Compliance (6 articles)