Biomerica implements 1-for-8 reverse stock split to regain Nasdaq compliance

BIOMERICA INC

Reverse split ratio of 1-for-8 reduces shares outstanding from ~20.4M to ~2.5M.
Effective 12:01 a.m. ET on April 21, 2025; split-adjusted trading begins that day.
New CUSIP 09061H406; no fractional shares issued (partial shares rounded up).
Purpose: increase bid price to meet Nasdaq minimum bid price requirement for continued listing.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BIOMERICA INC: Amendment to Certificate of Incorporation to effect a 1-for-8 reverse stock split (effective 2025-04-15).

Change: charter amendment
Effective: 2025-04-15

Exact text from the filing

On April 15, 2025, the Company filed an amendment to the Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware to effect the Reverse Stock Split, to be effective at 12:01 a.m. Eastern Time on April 21, 2025.

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Source: SEC EDGAR

accession 0001641172-25-004976

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