TOMI Environmental Solutions Sets 1-for-3 Reverse Stock Split for July 20

summarizeSummary

TOMI Environmental Solutions announced a 1-for-3 reverse stock split effective July 20, 2026, aiming to regain compliance with Nasdaq's minimum bid price requirement after a delisting notice in May.

check_boxKey Events · Corporate Governance and Compliance · TOMZ

• 1-for-3 Reverse Stock Split Announced

  Effective July 20, 2026, every three shares of common and preferred stock will be converted into one share, with no fractional shares issued (fractional entitlements rounded up).

• Nasdaq Compliance Effort

  The reverse split directly responds to the May 2026 delisting notice for failing to meet the $1.00 minimum bid price; the move is designed to lift the stock price above that threshold.

• Authorized Shares Unchanged

  The total number of authorized shares remains the same, preserving the company's ability to issue additional shares in the future, including under the existing $20 million equity line of credit.

• Merger Context

  The reverse split occurs as TOMI progresses toward a reverse merger with Carbonium Core, a transaction that could transform the company's business and financial profile.

auto_awesomeAnalysis · TOMZ · Industrial Applications And Services

A 1-for-3 reverse stock split will take effect on July 20, 2026, as TOMI Environmental Solutions moves to address Nasdaq's delisting notice from May 2026, which cited a failure to meet the minimum bid price requirement. By shrinking the share count, the company expects to lift its stock price above the $1.00 threshold and preserve its listing. Outstanding options and warrants will be adjusted proportionally, while the total authorized shares remain unchanged—leaving room for future dilution. The action comes at a pivotal moment, with a pending reverse merger with Carbonium Core and the recent death of the CFO, making Nasdaq access critical as the merger advances.