other_material
confidence high
sentiment neutral
materiality 0.70
Glucotrack announces 1-for-60 reverse stock split effective June 16, 2025 to meet Nasdaq bid price rule
Glucotrack, Inc.
- 1-for-60 reverse stock split approved by shareholders on May 22, 2025, effective at market open on June 16, 2025.
- Outstanding shares reduced from ~32.5M to ~542,356; no fractional shares issued, rounding up to next whole share.
- Reverse split intended to bring GCTK into compliance with Nasdaq $1.00 minimum bid price requirement.
- Company warns it may be delisted if it becomes deficient on any Nasdaq rule before September 29, 2025.
- CUSIP changes to 45824Q804; trading symbol remains GCTK.
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