Enlivex Plans 1-for-15 Reverse Split, Issued Shares Cut to 16.83M
ENLV•Enlivex will implement a 1-for-15 reverse stock split on July 9, reducing issued shares from 252.48 million to 16.83 million and authorized shares from 2.375 billion to 158.33 million. Par value will increase from NIS0.40 to NIS6.00 and warrants and options will adjust proportionately, with fractional shares rounded up.
1. Reverse Split Mechanics
On July 9, Enlivex will consolidate every fifteen ordinary shares into one, resulting in shares trading on a split-adjusted basis under the existing symbol. The reverse split is designed to streamline the share count while maintaining each shareholder’s proportional ownership.
2. Share and Par Value Adjustments
Issued and outstanding shares will decrease from 252,480,222 to approximately 16,832,015, and authorized shares will drop from 2,375,000,000 to 158,333,334. The par value per share will rise from NIS 0.40 to NIS 6.00, and all fractional shares will be rounded up to the nearest whole share.
3. Warrants and Options Adjustment
All outstanding warrants and options will undergo a proportionate adjustment to both exercise prices and share issuable counts to reflect the new share structure. This ensures no change in the economic value or ownership percentage for holders.
