Lexaria Announces Effective Date for Reverse Stock Split
Rhea-AI Summary
Lexaria Bioscience (Nasdaq:LEXX) will implement a 1-for-15 reverse stock split of its common shares effective 12:01 a.m. EST on August 3, 2026, aiming to increase its share price to regain compliance with Nasdaq’s $1.00 minimum bid requirement under Listing Rule 5550(a)(2).
The split will consolidate approximately 24.79 million issued shares into about 1.65 million shares, with fractional shares rounded up. Authorized shares will decrease from 220 million to about 14.67 million, without changing par value, leaving shareholder ownership percentages unchanged. Options and warrants and their exercise prices will be adjusted proportionally, and LEXX will retain its Nasdaq symbol with a new CUSIP.
Positive
- 1-for-15 reverse split targets Nasdaq $1.00 minimum bid compliance
- Issued shares reduced from 24,787,446 to about 1,652,518 post-split
- Authorized shares cut from 220,000,000 to approximately 14,666,667
Negative
- Reverse split undertaken amid recent equity market weakness in LEXX shares
- Company anticipates need to request a Nasdaq hearing to appeal potential delisting
News Explained
The 1-for-15 reverse split remains an intended August 3 action, not a completed consolidation: if carried out, it reduces share count while leaving ownership percentages unchanged, and Lexaria expects Nasdaq compliance in mid-August before any delisting hearing.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jul 06 | Business development update | Positive | -0.1% | Reported strong partner discussions following the BIO International Convention. |
| Jun 25 | Human study dosing | Neutral | +0.0% | Began scheduled dosing in a five-week oral semaglutide pilot study. |
| Jun 23 | Animal study dosing | Neutral | -2.6% | Started scheduled dosing in an 11-arm next-generation GLP-1 study. |
| Jun 17 | GLP-1 market update | Positive | +3.6% | Discussed expanding GLP-1 markets and DehydraTECH development activity. |
| Jun 09 | Animal study update | Positive | +3.3% | Completed dosing in an 18-arm study of next-generation GLP-1 formulations. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
The last five general news events produced mixed 24-hour reactions, with positive moves of 3.65% and 3.31% alongside declines of 2.63% and 0.11%.
Key Terms
reverse stock split financial
minimum price rule regulatory
convertible securities financial
cusip number technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
KELOWNA, BC / ACCESS Newswire / July 30, 2026 / Lexaria Bioscience Corp. (Nasdaq:LEXX) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms, announces that it intends to effect a reverse stock split of its common stock effective as of 12:01 am EST on August 3, 2026 (the "Reverse Split").
The primary goal of the Reverse Split is to increase the per Share market price of the Company's Shares with the objective of regaining compliance with the NASDAQ Capital Market's ("Nasdaq") minimum
"The Reverse Split is a critical step towards our continued listing on Nasdaq," stated Richard Christopher, CEO of Lexaria Bioscience Corp. "We have determined that it is prudent and extremely important that the Reverse Split is conducted sooner rather than later," continued Mr. Christopher. "Nasdaq compliance is impactful to Lexaria on so many levels including our ability to attract new business development partners, advance existing business development discussions, and broaden our overall investor appeal. Recent equity market weakness is at odds with the great potential of our technology, and the Company needs a stable foundation in order to take advantage of existing and upcoming opportunities."
The Reverse Split will be conducted on a 1-for-15 basis resulting in the Company's current issued share capital of 24,787,446 shares of common stock ("Shares") being consolidated into 1,652,518 Shares, subject to further adjustment for fractional Shares which will be rounded up to the nearest whole number. In addition, the Company's number of authorized shares and issued convertible securities (options and warrants) will also be subject to the Reverse Split, with the exercise prices of the Company's outstanding convertible securities being adjusted accordingly. In arriving at the Reverse Split ratio, the Company also examined 24 other reverse stock splits conducted by Nasdaq listed biotech companies from January 1 to June 30, 2026, wherein the average reverse split ratio was 1-for-18.
In proactively performing this Reverse Split contemporaneous with the end of our 180-day compliance period we anticipate requesting the required Nasdaq hearing to appeal any delisting notification, and we expect to comply with the Minimum Price Rule in mid-August before any such hearing takes place.
The Shares issued pursuant to the Reverse Split will remain fully paid and non-assessable. The Reverse Split will also consolidate the number of authorized Shares from 220,000,000 authorized to 14,666,667 authorized but will not affect the par value of the Shares. Thus, all shareholders will own the same percentage interest in the Company after the Reverse Split, as they do prior to the Reverse Split.
Following the Reverse Split, the resulting Shares will continue to be traded on the Nasdaq under the stock symbol LEXX but will bear the new CUSIP number 52886N604.
Shareholders of the Company who hold Shares represented by a physical share certificate will need to contact Computershare Trust Company of Canada, as follows, for further information, related costs and procedures before sending any physical share certificates to reflect the Reverse Split adjustment:
PO Box 7023
31 Adelaide Street East
Toronto, ON M5C 2K4
Phone: 1-800-564-6253
Email: corporateactions@computershare.com
About Lexaria Bioscience Corp. & DehydraTECH™
DehydraTECH™ is Lexaria's patented drug delivery formulation and processing platform technology which improves the way a wide variety of drugs enter the bloodstream, always through oral delivery. DehydraTECH™ has repeatedly evidenced the ability to increase bio-absorption, reduce side-effects, and deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 66 patents granted and additional patents pending worldwide. For more information, please visit www.lexariabioscience.com.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements. Statements as such term is defined under applicable securities laws. These statements may be identified by words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions. Such forward-looking statements in this press release include, but are not limited to, statements by the Company relating to the Company's ability to carry out research initiatives, receive regulatory approvals or grants or experience positive effects or results from any research or study. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that the Company will actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements. As such, you should not place undue reliance on these forward-looking statements. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation and regulatory approvals, managing and maintaining growth, the effect of adverse publicity, litigation, competition, scientific discovery, the patent application and approval process, potential adverse effects arising from the testing or use of products utilizing the DehydraTECH technology, the Company's ability to maintain existing collaborations and realize the benefits thereof, delays or cancellations of planned R&D that could occur related to pandemics or for other reasons, and other factors which may be identified from time to time in the Company's public announcements and periodic filings with the US Securities and Exchange Commission on EDGAR. The Company provides links to third-party websites only as a courtesy to readers and disclaims any responsibility for the thoroughness, accuracy or timeliness of information at third-party websites. There is no assurance that any of Lexaria's postulated uses, benefits, or advantages for the patented and patent-pending technology will in fact be realized in any manner or in any part. No statement herein has been evaluated by the Food and Drug Administration (FDA). Lexaria-associated products are not intended to diagnose, treat, cure or prevent any disease. Any forward-looking statements contained in this release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statements or links to third-party websites contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.
INVESTOR CONTACT:
George Jurcic - Head of Investor Relations
ir@lexariabioscience.com
Phone: 250-765-6424, ext 202
SOURCE: Lexaria Bioscience Corp.
View the original press release on ACCESS Newswire