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2026-09-09 05:18
Gauzy (GAUZ) announced on Tuesday a 1-for-20 reverse share split of its ordinary shares.
The reverse share split and corresponding share capital adjustment will become effective at 11:59 p.m. Eastern Time on September 10, 2026. The ordinary shares will begin trading on a split-adjusted basis on Nasdaq at the open of business on Friday, September 11, 2026, under the existing trading symbol "GAUZ," but the ordinary shares will trade under a new CUSIP number, M4757U114.
As a result of the reverse share split, every 20 issued and outstanding ordinary shares will automatically be converted into one ordinary share. As of the date hereof, the company had 22,862,718 ordinary shares issued and outstanding, which, following the effectiveness of the reverse share split, will result in 1,143,135 ordinary shares outstanding on a post-split basis.
The company believes the reverse share split will increase the per share trading price of the ordinary shares and enable the company to maintain compliance with the minimum bid price requirement in Nasdaq Listing Rule 5450(a)(1).
Source: press release