other material
confidence high
sentiment neutral
materiality 0.75
BioRestorative Therapies announces 1-for-20 reverse stock split to regain Nasdaq compliance
BioRestorative Therapies, Inc.
- 1-for-20 reverse split effective 4:30 p.m. ET Sept 7, 2026; trading starts Sept 8, 2026 on Nasdaq under BRTX with new CUSIP 090655705.
- Outstanding shares reduced from 27,622,556 to ~1,381,128; authorized shares cut from 1.5B to 75M.
- Board approved split without stockholder approval under Nevada law; fractional shares rounded up to whole share.
- Split aims to regain compliance with Nasdaq $1.00 minimum bid price rule (Listing Rule 5550(a)(2)).