Reverse split shrinks enVVeno Medical (NASDAQ: NVNO) share count 35-to-1
Rhea-AI Filing Summary
enVVeno Medical Corporation implemented a one-for-thirty-five reverse stock split of its common stock, effective January 20, 2026. Every 35 previously issued and outstanding shares were automatically combined into one share, with no change to the par value.
No fractional shares were issued; any fractional positions were rounded up to the nearest whole share. The number of common shares outstanding decreased from 22,946,223 to 655,606, while authorized common shares remain at 250,000,000.
The company proportionally adjusted outstanding stock options and warrants so that share amounts decreased by a factor of 35 and exercise prices increased by a factor of 35, preserving their overall economic value. The stock now trades on a reverse split-adjusted basis on Nasdaq under the symbol NVNO.
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Insights
Reverse split sharply cuts share count while keeping value and authorization levels intact.
enVVeno Medical completed a one-for-thirty-five reverse stock split effective January 20, 2026. The move collapses every 35 existing common shares into one, reducing shares outstanding from 22,946,223 to 655,606, while the par value and the 250,000,000 authorized common shares remain unchanged.
Outstanding options and warrants are adjusted mechanically: share quantities fall by 35x and exercise prices rise by 35x, as illustrated by a warrant moving from 3,500 shares at $0.30 to 100 shares at $10.50. This preserves the economic terms for holders despite the change in share count.
The reverse split affects how the stock trades and the per-share price presentation but does not, by itself, inject or withdraw cash from the company. Future company filings and market trading will reflect the new 655,606-share baseline after the reverse split.
8-K Event Classification
FAQ
What did enVVeno Medical (NVNO) change in this 8-K filing?
enVVeno Medical effected a one-for-thirty-five reverse stock split of its common stock, combining every 35 issued and outstanding shares into one share, effective January 20, 2026.
How were enVVeno Medical’s options and warrants adjusted in the reverse split?
Outstanding stock options and warrants were adjusted proportionally: the number of underlying shares was reduced by a factor of 35 and the exercise prices were increased by a factor of 35, preserving their overall economics.
When did NVNO start trading on a reverse split-adjusted basis?
The company states that its common stock began trading on a reverse stock split-adjusted basis on January 20, 2026 on The Nasdaq Stock Market under the symbol NVNO.