Wellgistics Health Completes 1-for-50 Reverse Split, Cuts Shares to 2.51M
WGRX•Wellgistics Health finalized a 1-for-50 reverse stock split on May 26, 2026, reducing its outstanding common shares from approximately 125.7 million to 2,513,425 and issuing a new CUSIP. The move raises the per-share trading price to meet Nasdaq Capital Market’s minimum bid requirement.
1. Details of Reverse Split
Wellgistics Health executed a 1-for-50 reverse stock split effective May 26, 2026, at 12:01 a.m. Eastern Time, consolidating every fifty pre-split shares into one post-split share. The transaction reduced outstanding common stock from approximately 125,671,251 shares to 2,513,425 shares and resulted in issuance of a new CUSIP number.
2. Purpose and Market Impact
Management states the split aims to raise the per-share trading price to satisfy Nasdaq Capital Market’s minimum $1.00 bid requirement for continued listing. The consolidation is expected to enhance stock price visibility and may influence trading liquidity and investor interest post-split.
