STOCK TITAN

Lakewood-Amedex (NASDAQ: LABT) plans 1-for-10 reverse stock split

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Lakewood-Amedex Biotherapeutics Inc. is implementing a 1-for-10 reverse stock split of its common stock. The change becomes effective at 4:01 p.m. Eastern Time on June 19, 2026, and the shares will begin trading on a split-adjusted basis on Nasdaq on June 22, 2026 under the existing symbol LABT.

Every ten shares of common stock will be exchanged for one share, with any fractional positions rounded up to the next whole share. The company is also proportionately reducing its authorized common stock to 12,500,000 shares and making equitable adjustments to equity awards, preferred stock, warrants and related exercise or conversion prices. The common stock has been assigned a new CUSIP number, 51255A201.

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Insights

Lakewood-Amedex is consolidating its share count through a 1-for-10 reverse split.

The company approved a 1-for-10 reverse stock split of its common shares, effective in late June 2026. This consolidates every ten existing shares into one new share while keeping the Nasdaq listing and LABT symbol unchanged.

The filing states that authorized common stock will be reduced to 12,500,000 shares and that equity awards, preferred stock and warrants will be adjusted so their economic terms remain consistent. Actual impact on shareholders will depend on post-split trading and company fundamentals rather than the mechanical share consolidation itself.

Item 3.03 Material Modification to Rights of Security Holders Securities
A change was made that materially affects the rights of existing shareholders (e.g., dividend rights, voting rights).
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Reverse split ratio 1-for-10 reverse stock split Common stock consolidation approved June 1, 2026
Effective time 4:01 p.m. Eastern Time Effective on June 19, 2026 for reverse split
Split-adjusted trading date June 22, 2026 LABT begins split-adjusted trading on Nasdaq
Authorized common stock after split 12,500,000 shares Proportionate reduction concurrent with reverse split
New CUSIP number 51255A201 Assigned to LABT common stock after reverse split
reverse stock split financial
"to effectuate a 1-for-10 reverse stock split (the “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.
equitable adjustments financial
"Equitable adjustments will be made to the number of shares of the Company’s Common Stock issuable"
authorized shares financial
"a proportionate reduction will be made to the Company’s authorized shares of Common Stock"
Authorized shares are the maximum number of shares a company is allowed to issue according to its official plan. Think of it as a company’s set limit on how many pieces of its ownership it can distribute to investors. This number helps investors understand the potential for future growth or change in the company's ownership structure.
equity incentive plans financial
"and the number of shares issuable under the Company’s equity incentive plans"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
CUSIP number financial
"the security has been assigned a new CUSIP number (51255A201)"
A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.

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FAQ

What did Lakewood-Amedex Biotherapeutics (LABT) announce in this 8-K?

Lakewood-Amedex Biotherapeutics announced a 1-for-10 reverse stock split of its common stock. The split affects issued, outstanding and authorized shares and will be accompanied by proportional adjustments to equity awards, preferred stock and warrants, while the company continues trading on Nasdaq under the symbol LABT.

When will Lakewood-Amedex’s 1-for-10 reverse stock split take effect?

The reverse stock split becomes effective at 4:01 p.m. Eastern Time on June 19, 2026. Lakewood-Amedex’s common stock will begin trading on a split-adjusted basis on June 22, 2026, when the Nasdaq Stock Market opens, under the existing ticker symbol LABT.

How will Lakewood-Amedex handle fractional shares in the reverse split?

For the 1-for-10 reverse stock split, every ten shares of common stock will convert into one share. Any resulting fractional share will be rounded up to the next higher whole share, so shareholders will not receive cash instead of fractional shares under this adjustment.

What happens to Lakewood-Amedex’s authorized shares after the reverse split?

Concurrent with the 1-for-10 reverse stock split, Lakewood-Amedex will proportionately reduce its authorized common stock to 12,500,000 shares. This aligns the authorized share count with the reduced number of issued and outstanding shares following the effectiveness of the split.

Will Lakewood-Amedex (LABT) change its ticker or CUSIP after the reverse split?

Lakewood-Amedex will continue trading on The Nasdaq Capital Market under the existing ticker symbol LABT. However, its common stock will have a new CUSIP number, 51255A201, which identifies the split-adjusted security for clearing and settlement purposes.

How are Lakewood-Amedex’s equity awards and warrants affected by the reverse split?

The company will make equitable adjustments to equity awards, preferred stock and warrants in connection with the reverse split. This includes adjusting the number of shares issuable and the related exercise or conversion prices so that holders maintain equivalent economic value after the share consolidation.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 15, 2026

 

Lakewood-Amedex Biotherapeutics Inc.

(Exact name of registrant as specified in its charter)

 

Nevada   001-43239   20-5274304
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

8031 Cooper Creek Blvd., Unit 103

University Park, Florida

  34201
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (941225-2515

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Rule 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of exchange on which registered
Common Stock, par value $0.0001 per share   LABT   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

Item 3.03. Material Modification to Rights of Security Holders.

 

To the extent required by Item 3.03 of Form 8-K, the information contained in Item 5.03 of this report is incorporated herein by reference.

 

Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On June 15, 2026, Lakewood-Amedex Biotherapeutics Inc (the “Company”) filed a Certificate of Change (the “Certificate of Change”) with the Secretary of State of the State of Nevada to effectuate a 1-for-10 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding and authorized shares of common stock, par value $0.0001 per share (“Common Stock”). The Reverse Stock Split will become effective at 4:01 p.m., Eastern Time, on June 19, 2026, and the Company’s Common Stock will begin trading on a split-adjusted basis when the Nasdaq Stock Market (“Nasdaq”) opens on June 22, 2026. The Reverse Stock Split was unanimously approved by the Company’s Board of Directors on June 1, 2026.

 

As a result of the Reverse Stock Split, every ten (10) shares of the Company’s issued and outstanding Common Stock will be exchanged for one (1) share of Company’s Common Stock with any fractional shares being rounded up to the next higher whole share. Once effective, the Reverse Stock Split will reduce the current number of issued and outstanding shares of Common Stock from approximately 17,506,577 million to approximately 1,750,789 million. Equitable adjustments will be made to the number of shares of the Company’s Common Stock issuable upon exercise or conversion of the Company’s equity awards, preferred stock and warrants and the number of shares issuable under the Company’s equity incentive plans, as well as the applicable conversion prices and exercise prices for such equity awards, preferred stock and warrants, in accordance with their terms. In addition, concurrent with the Reverse Stock Split, a proportionate reduction will be made to the Company’s authorized shares of Common Stock such that the Company shall have 12,500,000 shares of authorized Common Stock after the effective time of the Reverse Stock Split.

 

The Company’s Common Stock will continue to trade on The Nasdaq Capital Market under the existing symbol “LABT”, but the security has been assigned a new CUSIP number (51255A201).

 

The foregoing description of the Certificate of Change does not purport to be complete and is qualified in its entirety by reference to the full text of the Certificate of Change which is filed as Exhibit 3.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibit
Number
  Description
3.1   Certificate of Change
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

1

 

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 hereunto duly authorized.

 

  LAKEWOOD-AMEDEX BIOTHERAPEUTICS INC.
     
Date: June 17, 2026 By: /s/ Kelvin Cooper
    Kelvin Cooper
    Chief Executive Officer

 

2

 

Filing Exhibits & Attachments

4 documents