Lifeward to Execute 1-for-12 Reverse Split, Raising Shares Above $1 Threshold
Effective February 24, 2026, Lifeward will implement a 1-for-12 reverse share split to reduce its 18.3 million outstanding shares to approximately 1.5 million and increase authorized capital to 100 million shares. The move aims to raise its per-share price above Nasdaq’s $1.00 minimum bid requirement.
1. Reverse Share Split Details
Lifeward’s board resolved to effect a 1-for-12 reverse split of ordinary shares, effective at market open on February 24, 2026, following shareholder approval on January 6. Each group of twelve issued and outstanding shares will combine into one share, with a new CUSIP (M8216Q309) and no issuance of fractional certificates.
2. Share Capital Increase and Listing Compliance
In conjunction with the reverse split, the board increased authorized share capital to 100,000,000 shares. Lifeward expects the consolidation to boost its per-share bid price above the $1.00 threshold required for continued Nasdaq listing and maintain its trading status.
3. Adjustment of Outstanding Securities
All outstanding warrants, pre-funded warrants and stock options will be adjusted proportionally in terms of shares and exercise prices to reflect the 1-for-12 consolidation. Fractional interests will be rounded down, and no fractional shares will be issued or carry voting rights.