HeartCore Enterprises, Inc. will implement a 1-for-20 reverse stock split effective April 2, 2026, to increase its share price and regain compliance with Nasdaq's minimum bid price requirement.
Key takeaways
The Board of Directors approved a 1-for-20 reverse stock split, with the split becoming effective on April 2, 2026, at 4:00 p.m. Eastern Time.
The reverse split is intended to increase the per-share price to help the company regain compliance with Nasdaq's $1.00 minimum bid price requirement for continued listing.
Trading on a split-adjusted basis under a new CUSIP number (42240Q 203) is expected to begin on the Nasdaq Capital Market on April 6, 2026.
Stockholders approved the reverse split on June 30, 2025, authorizing a ratio between 1-for-2 and 1-for-30, with the final 1-for-20 ratio determined by the Board.
The authorized number of shares and par value per share will not change, and proportional adjustments will be made to outstanding equity awards and plan reserves.
Stockholders holding shares electronically or through brokers do not need to take action; those with physical certificates will receive instructions from transfer agent Transhare Corporation.