Longeveron Inc. Announces 1-for-10 Reverse Stock Split

What Happened

• Longeveron Inc. (LGVN) filed a Form 8-K reporting stockholder approval and implementation of a reverse stock split of its Class A and Class B common stock at a final ratio of one-for-ten (1:10). Stockholders approved the proposal at the annual meeting on July 1, 2026; the Board set the final ratio on July 31, 2026; and the Company filed a Certificate of Amendment with the Delaware Secretary of State on August 20, 2026. The reverse split became effective at 11:59 p.m. Eastern Time on August 26, 2026. The company also issued a press release on August 24, 2026 announcing the split.

Key Details

• Reverse split ratio: 1-for-10 (every 10 pre-split shares become 1 post-split share).
• Effective time and date: 11:59 p.m. ET on August 26, 2026; trading on a split-adjusted basis under current ticker "LGVN" begins on Nasdaq on August 27, 2026.
• New CUSIP for Class A common stock: 54303L302.
• No fractional shares will be issued; fractional shares that would result will be rounded up to the nearest whole share at the DTC participant level (the Company will not round up at the beneficial owner level). No cash will be paid for fractional interests. Authorized share count was not reduced.

Why It Matters

• A reverse stock split reduces the number of outstanding shares and increases the per-share price proportionally; it does not, in itself, change an investor’s percentage ownership (except for rounding adjustments noted above). Stockholders who hold shares through brokers or nominees do not need to take action—positions will be adjusted according to brokers’ processes. Investors should note the new CUSIP and the effective/trading dates for any recordkeeping or trading decisions.