Bonk, Inc. (NASDAQ: BNKK) begins split-adjusted trading after 1-for-35 reverse split
Rhea-AI Filing Summary
Bonk, Inc. has implemented a 1-for-35 reverse stock split of its common stock, effective as of 12:01 a.m. Eastern Time on December 11, 2025. The split reduced the number of issued and outstanding shares from 184,976,280 to 5,285,037, while keeping the par value at $0.001 per share.
The company states that stockholders’ percentage ownership, voting rights, and other rights and preferences remain the same, aside from minor changes from rounding fractional shares. Instead of issuing fractional shares, holders will receive cash for any fractional amounts. Bonk’s common stock now trades on a split-adjusted basis on the Nasdaq Capital Market under the symbol BNKK, with a new CUSIP number 48208F303.
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Insights
Bonk consolidated its share count via a 1-for-35 reverse split without changing proportional ownership.
Bonk, Inc. completed a 1-for-35 reverse stock split, shrinking its issued and outstanding common shares from 184,976,280 to 5,285,037. This kind of transaction consolidates the share count so each holder owns fewer shares, but each share represents a larger stake in the company.
The company indicates that voting rights and other preferences of the common stock are unchanged, so each investor’s percentage ownership is effectively the same, aside from rounding for fractional shares. Cash is paid instead of issuing fractions, which slightly adjusts holdings for some investors but does not alter overall capital structure in a fundamental way.
The stock now trades on a split-adjusted basis on the Nasdaq Capital Market under the same ticker, BNKK, with a new CUSIP. Future disclosures in company reports may show how the reduced share count interacts with metrics like earnings per share, but this step on its own is a structural change rather than a shift in underlying operations.
FAQ
What corporate action did Bonk, Inc. (BNKK) take regarding its common stock?
Bonk, Inc. implemented a 1-for-35 reverse stock split of its common stock, effective as of 12:01 a.m. Eastern Time on December 11, 2025.
How did the reverse stock split change Bonk, Inc. (BNKK) shares outstanding?
The reverse stock split reduced Bonk’s issued and outstanding common shares from 184,976,280 shares to 5,285,037 shares.
Did the Bonk, Inc. reverse stock split affect shareholder ownership percentages or voting rights?
The company states the split did not affect stockholders’ percentage ownership, voting rights, or other rights and preferences, except for minor changes from fractional share rounding.
How are fractional shares treated in the Bonk, Inc. reverse stock split?
No fractional shares are issued. Stockholders who would otherwise receive fractional shares will instead receive cash for each fractional share they hold.
When did Bonk, Inc. (BNKK) begin trading on a split-adjusted basis and what is the new CUSIP?
Bonk’s common stock began trading on a reverse stock split-adjusted basis on the Nasdaq Capital Market on December 11, 2025, under ticker BNKK with new CUSIP 48208F303.