SRX Global (SRXH) enacts 1-for-60 reverse split after NYSE price warning
Rhea-AI Filing Summary
SRX Global, Inc. received notice from NYSE American that it is not in compliance with Section 1003(f)(v) because its stock has traded at a low price for a substantial period and closed below $0.10 on June 23, 2026. Trading in the company’s common stock has been halted until a reverse split is effected.
The board and majority shareholders have authorized a 1-for-60 reverse stock split of the issued and outstanding common shares. The reverse split will be effective and shares will begin trading on a post-split basis on July 6, 2026, under the existing “SRXH” symbol with a new CUSIP.
The reverse split is intended to help the company regain compliance with NYSE American’s continued listing standards. It will apply uniformly to all shareholders, with no change to par value. Fractional positions will not be issued; instead, affected holders will receive one whole share in lieu of any fractional share.
Positive
- None.
Negative
- NYSE American noncompliance and trading halt: The exchange notified SRX Global that its stock failed Section 1003(f)(v) continued listing standards after closing below $0.10 on June 23, 2026, and halted trading until the reverse split is effected.
- Large 1-for-60 reverse stock split: A high-ratio reverse split, effective July 6, 2026, highlights substantial share price deterioration and can signal elevated risk and potential volatility for existing shareholders.
Insights
SRXH faces listing pressure and uses a large reverse split to address low share price.
SRX Global has been notified it is out of compliance with NYSE American Section 1003(f)(v) after its stock traded at a low price and closed below $0.10 on June 23, 2026. Trading is halted until a reverse split is implemented, signaling heightened listing risk.
The board approved a 1-for-60 reverse stock split effective July 6, 2026, aiming to lift the per-share price and address continued listing standards. The split is purely structural: it consolidates shares without changing overall ownership percentages, apart from rounding up any fractional holdings to whole shares.
The halt and extreme consolidation ratio indicate significant price weakness, but the filing does not provide financial results or capital-raising details. Actual impact on trading liquidity, investor perception, and ongoing listing status will depend on how the post-split shares trade after July 6, 2026.
8-K Event Classification
Key Figures
Key Terms
Section 1003(f)(v) regulatory
Reverse Split financial
exchange agent financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
On March 23, 2026, the Company was informed by the NYSE American LLC (the “NYSE American”) via telephone that the Company is not in compliance with the continued listing standards as set forth in Section 1003(f)(v) of the NYSE American Company Guide, notifying the Company that its stock has been selling for a low price per share for a substantial period of time and closed below $0.10 on June 23, 2026. Further, the NYSE American informed the Company that it had halted trading of the Company’s common stock and that such halt in trading would continue until the Company effectuated the Reverse Split.
The Company intends to seek to regain compliance with the NYSE American’s continued listing standards by undertaking this Reverse Split as a measure that is considered necessary and in the best interests of the Company and its stockholders.
This report contains forward-looking statements, including, but not limited to, the Company’s ability to maintain its listing on NYSE American and the effect of the Reverse Split on the Company’s stock price. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied by such forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. The Company undertakes no obligation to update any forward-looking statement in this report, except as required by law.
Item 5.07 Submission of Matters to Vote of Security Holders.
On June 24, 2026, SRx Global, Inc. (the “Company”) announced that it will proceed with a 1-for-60 reverse stock split (the “Reverse Split”) of its issued and outstanding shares of common stock, par value $0.001, following authorization by its Board of Directors and majority shareholders to effect a reverse stock split by a ratio of not less than 15-to-1 and not more than 1-for-85 (the “Reverse Split Range”), at any time on or before December 31, 2026, with the Board having the discretion as to whether or not the Reverse Split is to be effected, and the exact ratio to be set at a whole number within the Reverse Split Range.
The Reverse Split will be effective, and trading on a post-split basis will begin at the market open, on July 6, 2026. There will be no change to the par value of the Company’s common stock. The Reverse Split will affect all stockholders uniformly and will not affect any stockholder’s ownership percentage of the Company’s shares with the exception of those holders of fractional shares. No fractional shares will be issued in connection with the Reverse Split. The Company will issue one whole share of common stock to any stockholder who would have been entitled to receive a fractional share of common stock due to the Reverse Split. Each holder of common stock will hold the same percentage of the outstanding common stock immediately following the Reverse Split as that stockholder did immediately before the Reverse Split, except for adjustments due to the additional net share fraction that will need to be issued as a result of the treatment of fractional shares.
The Company’s transfer agent, Equity Stock Transfer LLC, is acting as the exchange agent for the Reverse Split and will send instructions to stockholders of record who hold stock certificates regarding the exchange of their old certificates for new certificates, should they wish to do so. Stockholders who hold their shares in brokerage accounts or “street name” are not required to take any action to effect the exchange of their shares.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
| Exhibits | Description | |
| 99.1 | Press Release dated June 24, 2026 | |
| 104 | Cover Page Interactive Data file (embedded within the Inline XBRL document) |
SIGNATURE
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.
| SRx Global, Inc. | ||
| By: | /s/ Carolina Martinez | |
| Name: | Carolina Martinez | |
| Title: | Chief Financial Officer | |
| June 24, 2026 | ||
Exhibit 99.1
SRX Global Announces Share Consolidation
NORTH PALM BEACH, FL — June 24, 2026 — SRX Global, Inc. (NYSE American: SRXH) (the “Company”, or “SRX”), an AI-enabled platform dedicated to generating returns across high-conviction operating companies and assets, today announced that its Board of Directors has approved a consolidation of the Company’s issued and outstanding common stock on a 60-to-1 basis (the “Share Consolidation”), to be effective July 6, 2026 (the “Effective Date”).
On the Effective Date, every 60 shares of issued and outstanding common stock will be automatically combined into one share of common stock. The Company’s common stock will continue to trade on the NYSE American under the existing symbol “SRXH” and will begin trading on a consolidated basis under a new CUSIP number at market open on the Effective Date. No fractional shares will be issued in connection with the Share Consolidation; any shareholder who would otherwise be entitled to a fractional share will receive one whole share in lieu thereof.
About SRX Global Inc.
SRX Global is an AI-driven platform focused on generating long-term shareholder value through investments in high-conviction operating companies, strategic assets, and technology-enabled opportunities. The Company leverages proprietary technology, data analytics, and disciplined capital allocation to identify and manage investments across multiple sectors.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “believe,” “expect,” “intend,” “aim,” “plan,” “may,” “could,” “target,” and similar expressions are intended to identify forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to, the ability to complete the Share Consolidation, shareholder approvals, market conditions, regulatory considerations, and other risks described in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update them, except as required by law.
Company Contact
SRX Global
Kent Cunningham, Chief Executive Officer
Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
212-896-1254
srx@kcsa.com