Autonomix Medical Announces 1-for-21 Reverse Stock Split Reducing Shares to 543,000
AMIX•Autonomix Medical will implement a 1-for-21 reverse stock split at 12:01 am ET on June 24, 2026, consolidating every 21 shares of common stock into one share. Outstanding shares will fall from 11.4 million to 543,000, with fractional holdings cashed out and authorized shares and equity plan reserves reduced proportionately.
1. Split Execution Date and Mechanics
The reverse stock split will take effect at 12:01 am ET on June 24, 2026. Under the 1-for-21 ratio, every 21 shares of common stock issued and outstanding immediately before the split will be consolidated into one share with no change to the $0.001 par value per share.
2. Reduction in Outstanding and Authorized Shares
Post-split, the company’s outstanding common shares will decrease from approximately 11.4 million to around 543,000. The number of authorized shares remains at 500 million, and shares reserved under the equity compensation plan will be proportionately adjusted.
3. Fractional Shares and Cash Consideration
No fractional shares will be issued; stockholders entitled to fractional interests will receive a cash payment in lieu of a fractional share based on the closing price on the effective date. This ensures equitable treatment without issuing partial shares.
