AiRWA Plans 1-for-40 Reverse Split, Reducing Shares to 1.05M
AiRWA Inc. will implement a 1-for-40 reverse stock split on May 18, reducing outstanding shares from about 42.14 million to 1.05 million. Fractional shares will be rounded up, equity awards and warrants will adjust proportionally, and shares will retain the same ticker with a new CUSIP.
1. Reverse Split Details
AiRWA Inc. will implement a 1-for-40 reverse stock split at the opening of trading on May 18, 2026. Every 40 shares of outstanding common stock will combine into one, reducing total shares from approximately 42.14 million to 1.05 million. The split follows stockholder approval at the April 17 annual meeting.
2. Equity Awards and Warrant Adjustments
Proportionate adjustments will be applied to the exercise prices and share counts of outstanding equity awards and warrants. No fractional shares will be issued; any resulting fractions will be rounded up to the next whole share. Authorized shares and par value per share remain unchanged.
3. Trading Continuity
The company’s common stock will continue trading on Nasdaq under the same ticker symbol with a new CUSIP number. ClearTrust, LLC will act as exchange agent and provide transaction statements reflecting post-split holdings. The reverse split will not alter shareholder rights or preferences.