Lifeward Ltd. 8-K

What Happened

• Lifeward Ltd. announced a 1-for-12 reverse share split of its ordinary shares, effective February 24, 2026, and adopted amended Articles of Association to reflect the change. The company reduced its issued and outstanding ordinary shares from 18,339,098 to approximately 1,528,098 and increased its authorized ordinary share capital from 75,000,000 to 100,000,000 shares. The company began trading on a split-adjusted basis on The Nasdaq Capital Market under the existing symbol "LFWD" and the new CUSIP is M8216Q309.
• The reverse split was approved by shareholders at an Extraordinary General Meeting on January 6, 2026 (authorized a reverse split ratio range of 1-for-2 to 1-for-12) and the Finance Committee selected the 1-for-12 ratio (approved Jan 30 and amendments approved Feb 16, 2026). The action was reported in a Form 8-K filed March 2, 2026.

Key Details

• Effective date: February 24, 2026; Form 8-K filed March 2, 2026.
• Outstanding shares before/after: 18,339,098 → ~1,528,098 (1-for-12 consolidation).
• Authorized shares increased to 100,000,000 ordinary shares (from 75,000,000).
• The split applies proportionally to outstanding warrants (including pre-funded warrants) and stock options; exercise prices and conversion/exercise amounts will be adjusted. No fractional shares were issued—fractions were rounded down.

Why It Matters

• The reverse split increases the per-share price by reducing the share count, which Lifeward says is intended to help meet Nasdaq’s $1.00 minimum bid price requirement and maintain its listing.
• Investors will hold fewer shares post-split; however, each share represents a proportionally larger ownership stake. Outstanding warrants and options will be adjusted so their economic value is preserved under their terms.
• The change can affect liquidity, trading patterns, and the appearance of per-share metrics (e.g., EPS will be calculated on the reduced share count). The company will file the full amended Articles with its Form 10-K for the year ended December 31, 2025.