Cyanotech Finalizes "Going Private" Transaction, Sets $0.47 Cash-Out Price and February 9 Effective Date

summarizeSummary

Cyanotech Corporation has filed an amendment to finalize the terms of its "going private" transaction, setting a cash-out price of $0.47 per share for small stockholders and an effective date of February 9, 2026, leading to deregistration and delisting.

check_boxKey Events

• Transaction Finalized

  The company has finalized the terms for its "going private" transaction, following the initial SC 13E3 filing on January 12, 2026.

• Cash-Out Price Set

  Stockholders owning fewer than 400 pre-Reverse Split shares will receive $0.47 per share in cash.

• Effective Date Confirmed

  The Reverse/Forward Stock Split is expected to be effective on or around February 9, 2026.

• Deregistration and Delisting

  The company plans to deregister its common stock and suspend SEC reporting, leading to its removal from the OTCQB.

auto_awesomeAnalysis

This amendment provides the definitive terms and timeline for Cyanotech's "going private" transaction, which was previously announced. The company will execute a 400-for-1 reverse stock split followed by a 1-for-400 forward split, effectively cashing out stockholders holding fewer than 400 shares at $0.47 per share. This price is slightly below the current market price but above the 90-day average. The primary implication for investors is the cessation of public reporting and delisting from the OTCQB, which will significantly reduce transparency and liquidity. While the company cites substantial cost savings as the rationale, this move fundamentally alters the investment landscape for current public shareholders, removing their ability to trade shares on a public market and eliminating SEC oversight.