Matinas BioPharma sets 1-for-15 reverse split
Rhea-AI Filing Summary
Matinas BioPharma Holdings, Inc. (MTNB) has approved a 1-for-15 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on September 28, 2026, after which the shares are expected to trade on a split-adjusted basis under the existing symbol MTNB.
Each stockholder’s shares will be automatically converted by dividing their issued and outstanding shares by 15, with cash paid in lieu of fractional shares. The company states that ownership percentages, voting power, par value and authorized share counts will remain substantially unchanged, although it notes there can be no assurance the reverse split will enable it to maintain its NYSE American listing.
Positive
- None.
Negative
- The company states that there can be no assurance the 1-for-15 reverse stock split will enable it to maintain the listing of its common stock on the NYSE American.
Insights
Analyzing...
8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Reverse stock split ratio: 1-for-15
Effective date and time: 12:01 a.m. Eastern Time on September 28, 2026
Trading symbol post-split: MTNB
+2 more
5 metrics
Reverse stock split ratio
1-for-15
Board-approved reverse stock split of common stock
Effective date and time
12:01 a.m. Eastern Time on September 28, 2026
When the reverse stock split becomes effective
Trading symbol post-split
MTNB
Shares expected to trade on a split-adjusted basis under existing symbol
New CUSIP number
576810 402
CUSIP for common stock following the reverse stock split
Par value impact
No change to $0.0001 par value
Reverse stock split does not affect par value of common stock
Key Terms
reverse stock split, split-adjusted basis, fractional shares, par value, +1 more
5 terms
reverse stock split financial
"the Board has approved a reverse stock split of the Common Stock at a ratio of one-for-fifteen (1:15)"
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.
split-adjusted basis financial
"the shares of Common Stock are expected to begin trading on the split-adjusted basis"
An adjustment to historical share prices and share counts that reflects past stock splits or reverse splits so that old data lines up with the current number of shares. Think of it like resizing an old photograph so it matches a new frame: it keeps price charts, returns and per‑share metrics comparable over time, which matters to investors who need accurate performance, valuation and trend analysis.
par value financial
"The Reverse Stock Split has no effect on the par value or on the number of 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.
transfer agent financial
"Stockholders holding paper certificates may send the certificates to the Company’s transfer agent and registrar, VStock Transfer, LLC"
A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What reverse stock split did MTNB approve and when will it take effect?
Matinas BioPharma Holdings, Inc. approved a 1-for-15 reverse stock split of its common stock. It will become effective at 12:01 a.m. Eastern Time on September 28, 2026, with shares expected to begin trading on a split-adjusted basis that same day.
Will the MTNB reverse stock split affect my ownership percentage or voting power?
The company states that, immediately after the reverse stock split, each stockholder’s percentage ownership interest and proportional voting power will remain unchanged, except for minor changes and adjustments resulting from the treatment of fractional shares.
Will the MTNB reverse stock split ensure continued NYSE American listing?
The company notes that there can be no assurance the reverse stock split will enable it to maintain the listing of its common stock on the NYSE American, even though the split is being implemented and the stock is expected to trade on a split-adjusted basis.
Do MTNB stockholders need to send in certificates for the reverse stock split?
Stockholders holding shares electronically at brokerage firms do not need to take any action. Those holding paper certificates may, but are not required to, send certificates to VStock Transfer, LLC, which will issue new certificates reflecting the reverse stock split upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
