Second 1-for-100 Reverse Split in Six Months for WORK Medical
WOK is trading near its 52-week low of $0.059 (14% above the low) on elevated volume (3.7× avg).
Summary
WORK Medical announced a 1-for-100 reverse stock split, effective June 18, 2026, to consolidate its Class A ordinary shares. This marks the second 1-for-100 reverse split for the company in less than a year, following a similar action in December 2025. With the current stock price at $0.0673, this move is a critical attempt to regain compliance with Nasdaq's minimum bid price requirement. Repeated reverse splits often indicate severe and persistent underlying issues, raising significant concerns about the company's long-term viability, despite recent substantial insider purchases.
At the time of this announcement, WOK was trading at $0.07 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $104.6K. The 52-week trading range was $0.06 to $9,300.00. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.