SRX Global to execute 1-for-60 reverse split to regain NYSE American compliance
SRX Global was notified by NYSE American on March 23, 2026 that it failed to comply with continued listing standards after its stock closed below $0.10 on June 23, 2026, triggering a trading halt. On June 24, 2026, the company announced a 1-for-60 reverse stock split, effective July 6, 2026, authorized by the board and shareholders within a 15-to-1 and 1-for-85 range, to regain compliance. Trading will resume on a post-split basis at market open on July 6, 2026 under the existing ticker SRXH.
Key facts
- NYSE American notified company on March 23, 2026 of non-compliance with Section 1003(f)(v) of NYSE American Company Guide due to stock price below $0.10
- 1-for-60 reverse split effective July 6, 2026
- Authorized reverse split range: not less than 15-to-1 and not more than 1-for-85, with board discretion on exact ratio
- Trading halt imposed by NYSE American until reverse split effectuated
- Fractional shares will be converted to one whole share per shareholder
- Company's common stock par value remains $0.001 after reverse split
- Equity Stock Transfer LLC acting as exchange agent
- Reverse split authorized by majority shareholders and Board of Directors
Why it matters
The company has a cure period (through December 31, 2026) to regain listing compliance; failure to execute the reverse split or achieve the minimum bid price after the split could result in delisting from NYSE American.
Share
Derived from 8-K filed 2026-06-24. Not investment advice. View the source filing on SEC.gov →