Research Reports

Key takeaways

Stockholders approved reverse stock split amendment on June 30, 2025, allowing 1-for-2 to 1-for-30 ratio.

Board selected and approved 1-for-20 reverse split ratio on March 4, 2026.

Certificate of Amendment filed with Delaware Secretary of State, effective at 4:00 p.m. ET on April 2, 2026.

Each 20 pre-split shares converted to one post-split share; fractional shares rounded up to whole shares.

Authorized shares and par value unchanged by the Reverse Split.

Exhibit 3.1 contains full Certificate of Amendment text.

Full analysis

The reverse stock split consolidates outstanding common shares at a 1-for-20 ratio, reducing the number of issued shares while preserving authorized share count and par value. This structural change, approved by shareholders nearly nine months prior and finalized by the Board in early March 2026, took effect after market close on April 2 to enable seamless post-split trading on Nasdaq from April 6. Rounding up fractional shares avoids cash payments to minor holders. Investors should note the split impacts per-share metrics like EPS but does not alter the company's fundamental equity position.

HTCR · HeartCore Enterprises, Inc.

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