Nano-X Calls Nov 18 Meeting to Add 300M Shares and Authorize 1-for-20 to 1-for-50 Reverse Split
NNOX is trading near its 52-week low of $0.315 (3.5% above the low).
Summary
Nano-X scheduled a November 18 special meeting to approve 300 million new authorized shares and a reverse-split framework of 1-for-20 to 1-for-50, citing a going-concern doubt and a Nasdaq bid-price deficiency.
Key Events · Corporate Governance and Compliance · NNOX
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Special Meeting Set for November 18
Shareholders of record on November 2, 2026 will vote on two proposals at 2:00 p.m. Israel time; the board recommends FOR both.
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300 Million New Authorized Shares Sought
Proposal 1 would raise authorized capital to 450,000,000 ordinary shares from 150,000,000, against 78,747,008 shares issued and outstanding as of October 28, 2026.
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Reverse Split Framework of 1-for-20 to 1-for-50
Proposal 2 lets the board pick any ratio in that range within 18 months, aimed at curing the September 28, 2026 Nasdaq minimum-bid notice; the compliance deadline is March 29, 2027.
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Going-Concern Doubt Disclosed
The proxy states cash and deposits at September 30, 2026 were not sufficient to fund operations for at least one year from October 16, 2026, raising substantial doubt about the ability to continue as a going concern.
Analysis · NNOX · Industrial Applications And Services
Nano-X is asking shareholders to approve a 300 million-share increase in authorized capital — six times the 50 million approved at the September 29 AGM — because at $0.32 a share, any financing would consume its remaining unissued capacity almost immediately. The filing is blunt about the reason: management says cash and deposits at September 30 were not enough to fund operations for a year from October 16, which raises substantial doubt about going concern. A second proposal authorizes a reverse split anywhere from 1-for-20 to 1-for-50 at the board's discretion within 18 months, a direct response to the September 28 Nasdaq notice after 30 days below $1.00; the company has until March 29, 2027 to regain compliance. Approval does not mean shares will be sold or a split will happen — both are permissions — but the combination of a going-concern warning, a delisting clock and a large new share authorization tells holders that further heavy dilution is the planned path to funding.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NNOX was trading at $0.33 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $25.3M. The 52-week trading range was $0.32 to $4.71. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.