other material
confidence high
sentiment negative
materiality 0.85
Enveric Biosciences, Inc. (ENVB): Nasdaq/NYSE listing notice — Enveric Biosciences announces 1-for-12 reverse stock split to address Nasdaq bid-price deficiency
Enveric Biosciences, Inc.
- Reverse split effective 8:00 a.m. ET on October 28, 2025; shares outstanding to drop from 6,219,568 to ~518,297.
- Nasdaq notified company on Oct 22 of bid-price non-compliance (closing price <$1 for 30 days); no grace period due to prior reverse split.
- Company received $2.2M gross from warrant exercises in September to raise stockholders' equity above $2.5M minimum.
- Company intends to request a hearing to appeal delisting; no assurance of continued listing.
- Warrants issued in the inducement become exercisable only after stockholder approval per Nasdaq Rule 5635(d).