Picocela Inc. Announces 30-for-1 Reverse Stock Split

Reuters12-13 06:25
Picocela Inc. Announces 30-for-1 Reverse Stock Split

Picocela Inc. has announced a reverse stock split at a ratio of 30 shares to 1 share, effective January 26, 2026. The move is intended to comply with NASDAQ listing requirements and avoid delisting. Fractional shares resulting from the consolidation will be aggregated and sold, with proceeds distributed to affected shareholders. The authorized number of shares will be adjusted to 4,615,224 following the split.

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