ZOOZ Plans June 1 1-for-20 Reverse Split to 8.1M Shares Outstanding
ZOOZ will implement a 1-for-20 reverse share split on June 1, 2026, reducing issued and outstanding ordinary shares from approximately 162 million to about 8.1 million. All fractional shares will be rounded up, and outstanding options, warrants and RSUs will be adjusted proportionally.
1. Reverse Split Mechanics
On June 1, 2026, before market open, ZOOZ will implement a 1-for-20 reverse share split of its ordinary shares. The reverse split ratio was approved by shareholders and the Board of Directors at the May 11, 2026, general meeting, consolidating every twenty existing shares into one new share.
2. Post-Split Share Capital
Following the adjustment for fractional shares, issued and outstanding ordinary shares will decrease from approximately 162,022,480 to about 8,101,130 shares. The Company’s authorized share capital will be restated to NIS 2,860,000 divided into 50,000,000 ordinary shares at a par value of NIS 0.0572 per share.
3. Adjustment of Derivative Securities
All outstanding options, warrants, restricted share units, earnout rights and other convertible securities will be adjusted proportionally to reflect the 1-for-20 reverse split. This ensures holders maintain equivalent economic interests following the consolidation.
4. Listing and Identifier Changes
Post-split, shares will trade under the existing company symbol on both Nasdaq and the Tel-Aviv Stock Exchange starting June 1, 2026. The ordinary shares will retain the same ISIN but will be assigned a new CUSIP number to reflect the reverse split.