Envoy Medical Sets 1-for-10 Reverse Split Ahead of Nasdaq Deadline
Photo: TokenPost
Envoy Medical Inc. will consolidate every 10 outstanding Class A common shares into one on Oct. 26, a move intended to help the company meet Nasdaq’s $1 minimum bid requirement. The reverse split takes effect at 12:01 a.m. ET (04:01 UTC) Monday, Oct. 26. COCH is scheduled to begin split-adjusted trading at 9:30 a.m. ET (13:30 UTC) that day, with CUSIP 29415V307. Envoy’s second 180-day compliance period runs through Nov. 16. To meet Nasdaq’s minimum bid requirement, its closing bid must reach at least $1 for 10 consecutive business days before that deadline.
Source: TokenPost
