Mobile-health Network Solutions Announces Change in Effective Date of Reverse Stock Split
Rhea-AI Summary
Mobile-health Network Solutions (NASDAQ: MNDR) will implement a 1-for-6 reverse stock split of its Class A ordinary shares, now effective at 12:01 a.m. ET on June 29, 2026, instead of June 22.
Outstanding shares will decline from about 5,331,549 to 888,592, authorized shares from 150,918,451 to 25,153,075, and par value per share will change from $0.00016 to $0.00096. MNDR will continue trading on Nasdaq under symbol MNDR with a new CUSIP (G62264 133) on a split-adjusted basis from June 29, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Reverse split reduces outstanding shares from approximately 5,331,549 to 888,592
- Authorized share count reduced from 150,918,451 to 25,153,075
- Shareholders approved the reverse stock split on June 8, 2026
Negative
- One-for-six reverse stock split consolidates existing MNDR shareholdings
- Effective date of the reverse stock split postponed from June 22 to June 29, 2026
News Market Reaction – MNDR
On the day this news was published, MNDR declined 2.21%, reflecting a moderate negative market reaction. Argus tracked a peak move of +17.0% during that session. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $99K from the company's valuation, bringing the market cap to $4.37M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Stock split Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Sep 23 | Reverse stock split | Neutral | -3.0% | Announced 1-for-5 reverse split with reduced outstanding and authorized shares. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
MNDR’s only prior reverse split headline was followed by a modest single-day decline of about 3%.
Historical Comparison
In the past, MNDR’s reverse split news led to a single recorded move of about -3%. Today’s 1-for-6 consolidation fits that pattern, offering investors another reference point for similar capital actions.
Regulatory & Risk Context
Reported short interest appears relatively low, suggesting limited short-squeeze potential but also a smaller cushion from short covering if sentiment shifts.
Key Terms
reverse stock split financial
cusip number financial
par value financial
book-entry financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Singapore, Singapore--(Newsfile Corp. - June 18, 2026) - Mobile-health Network Solutions (NASDAQ: MNDR) ("MNDR" or the "Company"), a leading AI-powered digital health platform, today announced a one-for-six reverse stock split (the "Reverse Stock Split") of the Company's Class A Ordinary Shares ("common stock"), which will become effective at 12:01 a.m. Eastern Time on Monday, June 29, 2026. The Company had previously announced that the Reverse Stock Split was expected to become effective on June 22, 2026, however the effective date has been postponed to June 29, 2026.
The Company's common stock will continue to trade under its existing trading symbol, MNDR, on the Nasdaq Capital Market ("Nasdaq") on a split-adjusted basis when the market opens on June 29, 2026, with the new CUSIP number G62264 133.
The Reverse Stock Split, which was approved by MNDR's shareholders via online platforms and by mail on June 8, 2026, will reduce the number of shares of the Company's common stock issued and outstanding from approximately 5,331,549 to approximately 888,592, subject to rounding up of fractional shares. The number of authorized shares of common stock will be changed from 150,918,451 shares of common stock to 25,153,075 shares of common stock. The par value per share of common stock will be changed from
VStock Transfer, LLC ("VStock"), which is acting as the transfer agent for the Reverse Stock Split, will provide notice to stockholders of record, issue post-split shares in paperless "book-entry" form, and hold the shares in an account set up for each respective shareholder without the need for shareholder action. Shareholders with certificated shares of the Company's common stock will receive a letter of transmittal from VStock with instructions on how to surrender certificates representing pre-split shares, which will become book-entry shares post-Reverse Stock Split. Shareholders owning shares in "street name" or via a broker, bank, trust, or other nominee will have their positions automatically adjusted to reflect the Reverse Stock Split, subject to the particular processes of such broker, bank, trust, or other nominee, and will not be required to take any action in connection with the Reverse Stock Split.
Additional information regarding the Reverse Stock Split is available in the Company's proxy statement filed as Exhibit 99.1 to the Company's Form 6-K, filed with the Securities and Exchange Commission on May 18, 2026, a copy of which is available at www.sec.gov and on the Company's website.
About Mobile-health Network Solutions
Mobile-health Network Solutions is a leading AI-powered digital health platform headquartered in Singapore, with operations across Southeast Asia and expanding into the US. The company provides telemedicine, AI-driven health tools, and virtual clinic infrastructure to empower patients and doctors worldwide. Its mission is to make healthcare accessible, intelligent, and human - through technology. For more information, please visit our website.
Forward-Looking Statements
Certain statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to financial and business prospects, and the Company's goals and future activity, including its capital initiatives. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to execute our strategies, manage growth and maintain our corporate culture; the Company's future business development, financial conditions and results of operations; expectations regarding demand for and market acceptance of our products and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking statements contained in this press release speak only as of the date hereof, and Mobile-health Network Solutions specifically disclaims any obligation to update any forward-looking statement, whether because of new information, future events or otherwise, except as required by law.
For media inquiries, please contact:
Mobile-health Network Solutions Investor Relations Contact:
2 Venture Drive, #07-08 Vision Exchange
Singapore 608526
(+65) 6222 5223
Email: investors@manadr.com
Investor Relations Inquiries:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: ir@skylineccg.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/302019