Mobile-health Network Solutions Delays 1-for-6 Reverse Stock Split Effective Date to June 29
MNDR is trading near its 52-week low of $0.652 (2.1% above the low).
Summary
Mobile-health Network Solutions has postponed the effective date of its 1-for-6 reverse stock split to June 29, 2026, from the previously announced June 22, 2026. Shareholders approved this reverse split on June 9th, a move critical for the company to potentially regain compliance with Nasdaq's minimum bid price requirements. The company, a micro-cap trading near its 52-week low, previously received a 'Going Concern' warning from its auditor. The stock will begin trading on a split-adjusted basis on June 29.
At the time of this announcement, MNDR was trading at $0.67 on NASDAQ in the Technology sector, with a market capitalization of approximately $3.8M. The 52-week trading range was $0.65 to $7.95. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.