Fractyl Health, Inc. Announces 1-for-12 Reverse Stock Split

What Happened
Fractyl Health, Inc. (Nasdaq: GUTS) filed a Certificate of Amendment on Sept 30, 2026 to implement a one-for-twelve (1-for-12) reverse stock split of its common stock. The Amendment becomes effective at 5:00 p.m. Eastern Time on October 2, 2026, and the company’s common stock will begin trading on The Nasdaq Global Market on a split‑adjusted basis when the market opens on October 5, 2026. The board approved the specific 1-for-12 split on Sept 24, 2026, after stockholders approved alternate amendment options at a special meeting on Sept 24, 2026.

Key Details

• Reverse split ratio: 1-for-12 (every 12 shares combined into 1 share).
• Effective time: 5:00 p.m. ET on October 2, 2026; trading split-adjusted Oct 5, 2026 market open.
• New CUSIP after split: 35168W202.
• Equity adjustments: stock options, restricted stock units (RSUs), warrants and shares reserved under equity plans will be proportionately adjusted (fewer shares, higher per‑share exercise price).
• No fractional shares will be issued; holders entitled to fractional shares will receive a cash payment in lieu.

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases the per‑share price proportionately; it does not change a holder’s percentage ownership (except for rounding to cash for fractional shares). For investors, this affects share counts, quoted share price, option/award share counts and exercise prices, and the company’s listed CUSIP and trading appearance on Nasdaq starting Oct 5, 2026.