other material
confidence high
sentiment neutral
materiality 0.65
Lakewood-Amedex announces 1-for-10 reverse stock split effective June 19, 2026
Lakewood-Amedex Biotherapeutics Inc.
- Reverse split ratio: 1-for-10; effective at 4:01 p.m. ET on June 19, 2026; trading starts split-adjusted on Nasdaq June 22.
- Outstanding shares reduced from ~17,506,577 to ~1,750,789; fractional shares rounded up to next whole share.
- Authorized shares reduced proportionately to 12,500,000; new CUSIP 51255A201 assigned; ticker LABT unchanged.
- Board unanimously approved the split on June 1, 2026; adjustments made to equity awards, warrants, and preferred stock.
- No stated reason for the split; typical use is to regain Nasdaq minimum bid price compliance.