other material
confidence high
sentiment negative
materiality 0.45
Fractyl Health sets 1-for-12 reverse stock split effective Oct 2; shares trade split-adjusted Oct 5
FRACTYL HEALTH, INC.
- Board approved 1-for-12 reverse split Sept 24, 2026 after stockholders authorized alternate amendments at a Special Meeting that day; amendment effective 5:00 p.m. ET Oct 2, 2026.
- Every 12 outstanding shares combine into 1 with no change in par value; Nasdaq trading begins on a split-adjusted basis at market open Oct 5, 2026; new CUSIP is 35168W202.
- Stock options, RSUs and warrants are proportionately adjusted: issuable share counts fall and option exercise prices rise; shares reserved under equity plans are reduced proportionately.
- No fractional shares will be issued; holders entitled to a fraction receive a cash payment in lieu, and ownership percentages are unchanged except for fractional-share holders.