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IceCure Medical (NASDAQ: ICCM) implements 1-for-30 reverse share split for Nasdaq

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

IceCure Medical Ltd. is implementing a 1-for-30 reverse share split of its ordinary shares as part of efforts to regain compliance with Nasdaq’s $1.00 minimum bid price requirement and support its broader capital markets strategy. The shares will begin trading on a split-adjusted basis on June 4, 2026, while continuing to trade on the Nasdaq Capital Market under the symbol ICCM. The move was approved by shareholders at a special meeting on May 11, 2026, with the board later setting the 1-for-30 ratio. Issued and outstanding ordinary shares will be adjusted from 84,201,034 to approximately 2,806,701, without changing the authorized share capital of 2,500,000,000 ordinary shares. Fractional shares will be rounded to the nearest whole share, and proportional adjustments will be made to options, warrants, restricted shares, restricted share units, and share incentive plans.

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Insights

IceCure’s reverse split is a structural step to protect its Nasdaq listing, not a change in business fundamentals.

IceCure Medical is effecting a 1-for-30 reverse share split primarily to address Nasdaq’s $1.00 minimum bid price requirement and maintain its Capital Market listing. The company has until November 9, 2026 under Nasdaq rules to remedy non-compliance.

The reverse split will reduce issued and outstanding ordinary shares from 84,201,034 to about 2,806,701, while leaving the authorized capital at 2,500,000,000 shares. Each holder’s percentage ownership remains effectively unchanged, aside from rounding of fractional shares under the company’s articles.

Equity awards and derivative securities tied to the stock will be adjusted proportionally, with exercise prices increased reciprocally. This preserves the economic value of options, warrants, restricted shares and restricted share units already granted, while aligning all instruments with the new share count.

Reverse split ratio 1-for-30 Ratio for IceCure Medical ordinary shares
Shares outstanding before split 84,201,034 Ordinary Shares Issued and outstanding prior to reverse split
Shares outstanding after split Approximately 2,806,701 Ordinary Shares Issued and outstanding after reverse split, subject to fractional adjustments
Authorized share capital 2,500,000,000 Ordinary Shares Authorized capital unchanged by reverse split
Nasdaq minimum bid requirement $1.00 per share Threshold for continued Nasdaq Capital Market listing
Nasdaq cure deadline November 9, 2026 Deadline to regain compliance under Nasdaq rules
Split-adjusted trading date June 4, 2026 Date shares begin trading on a split-adjusted basis
Shareholder approval date May 11, 2026 Special general meeting approving reverse split parameters
Reverse Share Split financial
"IceCure Medical announces 1-for-30 Reverse Share Split to support Nasdaq compliance"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.
Nasdaq Capital Market market
"The Ordinary Shares continue to trade on the Nasdaq Capital Market under the existing symbol "ICCM""
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
minimum bid price requirement regulatory
"proactive efforts to regain compliance with the Nasdaq $1.00 minimum bid price requirement"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
fractional Ordinary Shares financial
"no fractional Ordinary Shares will be issued as a result of the Reverse Share Split"
A fractional ordinary share is a portion of a single common share, like owning a slice of a pizza rather than the whole pie. It gives an investor proportionate economic rights — such as a share of dividends and price gains or losses — allowing smaller-dollar purchases and easier diversification, though practical rights like voting or transferability can depend on the broker or platform handling the fraction.
share incentive plans financial
"to the number of Ordinary Shares issued and issuable under the Company’s share incentive plans"
forward-looking statements regulatory
"This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

 

For the Month of: June 2026

 

Commission File Number: 001-40753

 

ICECURE MEDICAL LTD.

(Translation of registrant’s name into English)

 

7 Ha’Eshel St., PO Box 3163

Caesarea, 3079504 Israel

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

CONTENTS

 

Reverse Share Split

 

On June 2, 2026, IceCure Medical Ltd. (the “Company”) issued a press release titled “IceCure Medical Announces 1-for-30 Reverse Share Split to Support Nasdaq Compliance,” a copy of which is furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K.

 

This Report on Foreign Private Issuer on Form 6-K is incorporated by reference into the Company’s Registration Statements on Form F-3 (File Nos. 333-290046 and 333-258660) and Form S-8 (File Nos. 333-270982, 333-264578, 333-262620 and 333-281587), filed with the Securities and Exchange Commission, to be a part thereof from the date on which this Report of Foreign Private Issuer on Form 6-K is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

1

 

EXHIBIT INDEX

 

Exhibit No.    
99.1   Press Release issued by IceCure Medical Ltd., dated June 2, 2026, titled “IceCure Medical Announces 1-for-30 Reverse Share Split to Support Nasdaq Compliance.”

 

2

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  IceCure Medical Ltd.
     
Date: June 2, 2026 By: /s/ Eyal Shamir
    Eyal Shamir
    Chief Executive Officer

 

3

 

Exhibit 99.1

 

IceCure Medical Announces 1-for-30 Reverse Share Split to Support Nasdaq Compliance

 

Proactive Step to Regain Nasdaq Compliance as Part of the Company’s Broader Capital Markets Strategy

 

CAESAREA, ISRAEL, June 2, 2026 (PR NEWSWIRE) -- IceCure Medical Ltd. (the “Company” or “IceCure” or “IceCure Medical”) (Nasdaq: ICCM), developer of minimally-invasive cryoablation technology that destroys tumors by freezing as an option to surgical tumor removal, today announced that it intends to effect a one-for-thirty reverse split (the “Reverse Share Split”) of the Company’s ordinary shares, no par value per share, (the “Ordinary Shares”), as part of its proactive efforts to regain compliance with the Nasdaq $1.00 minimum bid price requirement and support its broader capital markets strategy. The Ordinary Shares continue to trade on the Nasdaq Capital Market under the existing symbol “ICCM” and will begin trading on a split-adjusted basis when the market opens on June 4, 2026. The new CUSIP number for the Ordinary Shares following the Reverse Share Split will be M53071201.

 

The primary purpose of the Reverse Share Split is to increase the per-share trading price of the Company’s Ordinary Shares to regain compliance with the $1.00 minimum bid price requirement for continued listing on The Nasdaq Capital Market. Under applicable Nasdaq rules, the Company has until November 9, 2026 to cure the non-compliance. By effecting the Reverse Share Split at this time, the Company intends to proactively satisfy these regulatory requirements and maintain the listing of its Ordinary Shares on Nasdaq.

 

The Reverse Share Split was approved by the Company’s shareholders at the Company’s Special General Meeting of Shareholders held on May 11, 2026, to be effected at the board of directors’ discretion within approved parameters, and the board of directors has approved the 1-for-30 ratio. The Reverse Share Split will not result in an adjustment to the authorized share capital of the Company under the Company’s amended and restated articles of association, as currently in effect (the “Articles”), which, as of the date hereof consists of 2,500,000,000 Ordinary Shares.

 

The Reverse Share Split will affect all shareholders uniformly and will not alter any shareholder’s percentage ownership interest in the Company’s equity, except for minor changes to the treatment of fractional shares as described below. The Reverse Share Split will adjust the number of issued and outstanding Ordinary Shares of the Company from 84,201,034 Ordinary Shares to approximately 2,806,701 Ordinary Shares (subject to any further adjustments based on the treatment of fractional shares). In accordance with the Company’s Articles, no fractional Ordinary Shares will be issued as a result of the Reverse Share Split and all fractional Ordinary Shares shall be rounded to the nearest whole Ordinary Share, as applicable, such that only shareholders holding fractional consolidated Ordinary Shares of more than half of the number of Ordinary Shares which consolidation constitutes one whole Ordinary Share, shall be entitled to receive one consolidated Ordinary Share, as applicable. Proportional adjustments also will be made to Ordinary Shares underlying outstanding options and warrants (with a reciprocal increase in the per share exercise price), restricted shares, restricted share units, and to the number of Ordinary Shares issued and issuable under the Company’s share incentive plans and certain existing agreements.

 

VStock Transfer, the Company’s transfer agent, will send instructions to shareholders of record who hold share certificates regarding the exchange of certificates for Ordinary Shares. Shareholders who hold their Ordinary Shares in book-entry form or in brokerage accounts or “street name” are not required to take any action to effect the exchange of their Ordinary Shares following the Reverse Share Split.

 

 

 

About IceCure Medical Ltd.

 

IceCure Medical (Nasdaq: ICCM) develops and markets advanced liquid-nitrogen-based cryoablation therapy systems for the destruction of tumors (benign and cancerous) by freezing, with the primary focus areas being breast, kidney, bone and lung cancer. Its minimally invasive technology is a safe and effective option to surgical tumor removal that is easily performed in a relatively short procedure. The Company’s flagship ProSense® system is marketed and sold worldwide for the indications cleared and approved to date including in the U.S., Europe and Asia.

 

Forward-Looking Statements Disclaimer

 

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the effective date for the Reverse Share Split and the date that trading of the Ordinary Shares will begin on a split-adjusted basis.  Historical results of scientific research and clinical and preclinical trials do not guarantee that the conclusions of future research or trials will suggest identical or even similar conclusions. Important factors that could cause actual results, developments and business decisions to differ materially from those anticipated in these forward-looking statements include, among others: the Company’s planned level of revenues and capital expenditures; the Company’s available cash and its ability to obtain additional funding; the Company’s ability to market and sell its products; legal and regulatory developments in the United States and other countries; the Company’s ability to maintain its relationships with suppliers, distributors and other partners; the Company’s ability to maintain or protect the validity of its patents and other intellectual property; the Company’s ability to expose and educate medical professionals about its products; political, economic and military instability in the Middle East, specifically in Israel; as well as those factors set forth in the Risk Factors section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2025 filed with the SEC on March 17, 2026, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

 

Investor Relations Contact

 

Email: investors@icecure-medical.com

 

Michael Polyviou

 

Phone: 732-232-6914

 

 

 

FAQ

What did IceCure Medical (ICCM) announce in its June 2026 Form 6-K?

IceCure Medical announced a 1-for-30 reverse share split of its ordinary shares. The move is part of a broader capital markets strategy aimed at regaining compliance with Nasdaq’s $1.00 minimum bid price requirement and maintaining the company’s listing on the Nasdaq Capital Market.

What is the ratio and effective trading date of IceCure Medical’s reverse share split?

The reverse share split is at a 1-for-30 ratio and becomes effective for trading on June 4, 2026. On that date, IceCure’s ordinary shares will begin trading on a split-adjusted basis on the Nasdaq Capital Market, continuing under the existing symbol ICCM.

How will IceCure Medical’s reverse split change the number of outstanding shares?

The reverse split will reduce issued and outstanding ordinary shares from 84,201,034 to approximately 2,806,701. This mechanical adjustment consolidates every 30 existing ordinary shares into a single share, while aiming to increase the per-share trading price without changing overall company value.

Does IceCure Medical’s reverse split affect shareholder ownership percentages?

The reverse split is designed to affect all shareholders uniformly, preserving ownership percentages. Each holder’s stake scales down in the same 1-for-30 ratio, so relative ownership remains essentially unchanged, except for minor differences caused by rounding of fractional ordinary shares under the company’s articles.

How does the reverse share split relate to Nasdaq compliance for IceCure Medical?

The primary purpose is to help regain compliance with Nasdaq’s $1.00 minimum bid price requirement. Under Nasdaq rules, IceCure has until November 9, 2026 to cure this non-compliance, and the reverse split is a proactive measure to maintain its Capital Market listing.

Will IceCure Medical adjust options, warrants and equity awards for the reverse split?

Yes, all equity-linked instruments will be adjusted proportionally to the reverse split. Ordinary shares underlying outstanding options and warrants, restricted shares, restricted share units, and shares issuable under incentive plans will be consolidated 1-for-30, with corresponding reciprocal increases to per-share exercise prices where applicable.

Filing Exhibits & Attachments

1 document