Catheter Precision to Change its Name and Ticker Symbol to Flyte Aviation and “VJET” and Effect 1-for-10 Reverse Stock Split, Monday, October 5, at Market Open

Holders entitled to fractional shares will receive their pro rata portion of net proceeds from their aggregation and sale.

Rhea-AI Summary

Catheter Precision (VTAK) will implement a 1-for-10 reverse stock split effective at the opening of trading on October 5, 2026.

The board approved changing the company’s name to Flyte Aviation and ticker to VJET; trading under both will begin on the same date. Outstanding common shares will fall from approximately 21.0 million to 2.1 million. Ownership percentages will remain unchanged except for fractional-share treatment, and outstanding options, warrants and convertible preferred stock will receive proportionate adjustments. The common stock remains listed on NYSE American.

Argus 15 min delay 5 alerts

+5.96% vs previous close $0.16 last price 1.5x rel. volume Open Argus

Details

Market move: VTAK +5.96% vs previous close. 1-for-10 reverse stock split

$0.15 – $0.16 Day Range

$581,340 Market Cap

On Oct 2, the day this news came out, the latest delayed price for VTAK is 5.96% above the previous close. Our momentum scanner has recorded 5 alerts for this stock so far that day. The latest delayed price is $0.16. Relative volume is above average at 1.5x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Reverse stock split: 1-for-10 Outstanding shares: Approximately 21.0 million to approximately 2.1 million Effective date: October 5, 2026

Reverse stock split

1-for-10

Split-adjusted trading begins October 5, 2026

Outstanding shares

Approximately 21.0 million to approximately 2.1 million

Company estimate following the reverse stock split

Effective date

October 5, 2026

New name and ticker take effect at market open

Previous Stock split Reports

1 past event · Latest: Aug 15

Same Type 1 event

1. Aug 15

   Reverse stock split

   24h Move

   -10.7%

   Prior 1-for-19 reverse split reduced outstanding shares, with proportional adjustments to equity awards and warrants.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reverse stock split, par value, convertible preferred stock, fractional shares

4 terms

reverse stock split financial

"The Company will effect a one-for-ten reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

par value financial

"with no change to the par value or authorized shares"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

convertible preferred stock financial

"outstanding options, warrants and convertible preferred stock"

Convertible preferred stock is a special class of company shares that pays priority, usually fixed, payments to holders and can be exchanged later for a set number of common shares. It matters to investors because it combines steady income and added protection with the chance to share in a company’s upside; think of it as a hybrid between a bond that pays regularly and an option to convert into growth-oriented stock, where the conversion rules influence both potential gains and how much common shareholders’ ownership may be reduced.

fractional shares financial

"No fractional shares will be issued"

Fractional shares are portions of a whole share of a stock or fund, allowing investors to own less than one full unit. They make it possible to invest a specific dollar amount rather than buy whole shares, like buying a slice of a pizza instead of the entire pie. For investors this lowers the cost barrier, helps with diversification, and lets you reinvest dividends or purchase expensive stocks in small, precise amounts.

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Changes highlight the Company’s growth trajectory as a leading private, regional jet aviation business 

FORT MILL, S.C., Oct. 02, 2026 (GLOBE NEWSWIRE) -- Catheter Precision, Inc. (NYSE American: VTAK) (the “Company”), today announced its Board of Directors has approved changing its name and ticker symbol to Flyte Aviation, Inc. and “VJET,” respectively.

Additionally, the Company will effect a one-for-ten reverse stock split -- as had been approved by stockholders at a Special Meeting of Stockholders April 15, 2026.   Every ten shares of common stock will be combined into one share, reducing the outstanding shares from approximately 21.0 million to approximately 2.1 million, with no change to the par value or authorized shares. The reverse stock split will not alter any stockholder’s percentage ownership interest, except for the treatment of fractional shares, and proportionate adjustments will be made to outstanding options, warrants and convertible preferred stock. Shares will begin trading with the new name and ticker, on a split-adjusted basis, effective at the opening of trading on Monday, October 5, 2026.The Company’s common stock remains listed on the NYSE American stock exchange and its new CUSIP number following the reverse stock split will be 74933X 807.

The name change highlights the Company’s growth trajectory as a leading private, regional jet aviation business.

Stockholders do not need to take any action. Whether the stockholders hold the Company’s common stock in physical certificate form, or at the transfer agent in book entry form, or at a broker dealer -- all shares will be automatically adjusted – the Company’s exchange agent will seamlessly adjust the shares accordingly at no cost to the stockholders. No fractional shares will be issued; stockholders who would otherwise be entitled to a fractional share will instead be entitled to receive their pro rata portion of the net proceeds from the aggregation and sale of such fractional shares by the Company’s exchange agent.

About Flyte Aviation, Inc.

Catheter Precision, Inc. (to be renamed Flyte Aviation, Inc. effective October 5, 2026), through its wholly-owned subsidiary Fly Flyte, Inc. (“Flyte”), is a technology-enabled private aviation company operating a growing fleet of Cirrus Vision Jets and providing efficient private air travel throughout the US and select international markets. Through its direct-to-consumer booking platform, standardized pricing on select routes, strategic partnerships, and FAA-certified Part 135 operating subsidiary Ponderosa Air, LLC, Flyte is delivering a faster and more convenient private aviation experience.

For more information, visit www.flyflyte.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements regarding the expected timing and effects of the name change, ticker symbol change and reverse stock split, expected future growth, demand, strategic partnerships, market expansion, brand awareness, aircraft utilization and Flyte’s future operations, are forward-looking statements and involve risks and uncertainties that could cause actual results to differ materially, including the risk that the reverse stock split may not have the intended effect on the market price or liquidity of the Company’s common stock. Readers are encouraged to review the Company’s filings with the Securities and Exchange Commission, including its Forms 10-K and 10-Q, for a discussion of these risks. Except as required by law, the Company undertakes no obligation to update any forward-looking statement.

Investor Contact
IR@CatheterPrecision.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Catheter Precision’s reverse stock split take effect, and what is the ratio?

The 1-for-10 reverse stock split takes effect at the opening of trading on October 5, 2026. Every ten common shares will be combined into one share, and split-adjusted trading will begin under the new name Flyte Aviation and ticker VJET.

Do Catheter Precision shareholders need to act for the reverse stock split, and what happens to fractional shares?

Shareholders do not need to take any action; shares held through physical certificates, book entry or a broker dealer will be adjusted automatically at no cost. No fractional shares will be issued. Holders otherwise entitled to a fractional share will receive their pro rata portion of the net proceeds from the exchange agent’s aggregation and sale of those shares.