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The Reverse Stock Split is intended to increase the market price per share of the Company's Common Shares to regain compliance with the minimum bid continued listing requirement of the Nasdaq.

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The metals recycling company says the maneuver will help it retain its stock’s listing on the Nasdaq exchange.

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The reverse stock split will reduce the number of outstanding shares of Envirotech's common stock from approximately 35.3 million shares to approximately 3.5 million shares.

The Reverse Stock Split was effected by the Company filing a certificate of amendment to its certificate of incorporation with the Secretary of State of the State of Delaware.

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(RTTNews) - Acurx Pharmaceuticals (ACXP) announced a 1-for-20 reverse stock split of its common shares, set to take effect on August 4, 2025.