VisionWave Sets 1-for-20 Reverse Split Effective Sept 22 to Regain Nasdaq Compliance
VWAV is trading near its 52-week low of $0.36 (2.8% above the low).
Summary
VisionWave will execute a 1-for-20 reverse stock split effective September 22, 2026, reducing outstanding shares from about 47.5 million to 2.4 million. The move is aimed at lifting the stock price above Nasdaq's $1.00 minimum bid requirement; shares currently trade at $0.37, near the 52-week low. The board set the ratio on September 3 after shareholders approved up to 1-for-250 at the September 1 annual meeting. The split does not change authorized shares, leaving substantial room for future dilution from the $100M shelf and outstanding convertibles. Traders should note the new CUSIP and expect split-adjusted trading on September 22.
At the time of this announcement, VWAV was trading at $0.37 on NASDAQ in the Technology sector, with a market capitalization of approximately $11M. The 52-week trading range was $0.36 to $15.80. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.