other material
confidence high
sentiment negative
materiality 0.75
Co-Diagnostics files 1-for-30 reverse stock split to regain Nasdaq minimum bid price compliance
Co-Diagnostics, Inc.
- Reverse stock split ratio set at 1-for-30; effective January 2, 2026 at 12:01 a.m. ET.
- Approximately 2,095,031 shares outstanding post-split; new CUSIP 189763204; ticker CODX unchanged.
- Fractional shares rounded up to next whole share; no fractional shares issued.
- Split intended to enable compliance with Nasdaq $1.00 minimum bid price listing requirement.
- Board approved ratio on Dec 29, 2025; stockholders authorized up to 1-for-30 at Dec 5 special meeting.