other material
confidence high
sentiment neutral
materiality 0.55
Catheter Precision becomes Flyte Aviation with 1-for-10 reverse split Oct 5; ticker switches to VJET
Catheter Precision, Inc.
- Stockholders approved the 1-for-10 reverse split and name change to Flyte Aviation, Inc.; shares drop from ~21,019,874 to ~2,101,987, trading as VJET on NYSE American from Oct 5, 2026.
- Option repricing approved: options struck above fair market value repriced to $0.152/share (Sept 30 close), $1.52 post-split; CEO Jenkins held 89,999 options, CFO Anderson 66,315.
- 2023 Equity Incentive Plan amended to add 5,000,000 shares; stockholders also cleared issuance of up to 340,000 shares on Series M warrants and a Series J preferred conversion-price cut (floor $0.23).
- David A. Jenkins elected Class II director (9,640,603 for vs 301,162 withheld) for a term to 2029; WithumSmith+Brown ratified as auditor for FY2027.
- Reincorporation from Delaware to Nevada by plan of conversion approved; authorized capital unchanged at 500M common and 10M preferred shares. No fractional shares; Equiniti is exchange agent.