TOMI Environmental Sets 1-for-3 Reverse Split for July 20 to Regain Nasdaq Compliance
TOMZ sits 40% above its 52-week low of $0.5 on light trading volume (0.1× avg).
Summary
TOMI Environmental Solutions will implement a 1-for-3 reverse stock split effective July 20, 2026, with shares trading on a split-adjusted basis that day. The move aims to lift the stock price above Nasdaq's minimum bid requirement after the company received a delisting notice in May. No fractional shares will be issued; holders entitled to fractions will instead receive one full post-split share. The reverse split follows a series of corporate actions including a definitive merger agreement with Carbonium Core and a preliminary Q2 revenue beat, as the company works to close the reverse merger and maintain its listing.
At the time of this announcement, TOMZ was trading at $0.70 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $17.5M. The 52-week trading range was $0.50 to $1.20. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.