other_material
confidence high
sentiment neutral
materiality 0.50
KALA BIO announces 1-for-50 reverse stock split effective May 8, 2026
KALA BIO, Inc.
- Reverse stock split at 1-for-50 ratio effective 4:05 p.m. ET on May 8, 2026.
- Outstanding shares reduced from 929,491,578 to ~18,589,832; no fractional shares issued.
- Cash paid for fractional shares based on May 7 closing price on Nasdaq Capital Market.
- Ticker KALA unchanged; split-adjusted trading begins May 11, 2026; new CUSIP 483119301.
- Stockholder approved reverse split at January 30, 2026 annual meeting with ratio range of 1-for-2 to 1-for-100.