Change Agents Corporation (CHGA) Implements 1-for-20 Reverse Stock Split

What Happened

• Change Agents Corporation announced that its board implemented a reverse stock split of the company’s common stock at a ratio of 1-for-20, effective 4:01 p.m. ET on August 28, 2026. The company’s common stock began trading on a split-adjusted basis when Nasdaq opened on August 31, 2026.
• The board had stockholder-authorized discretion to choose any reverse-split ratio between 1-for-2 and 1-for-25 (authorization runs through June 9, 2027) and selected 1-for-20. The company furnished a press release dated August 27, 2026 and filed a Certificate of Amendment to effect the change.

Key Details

• Reverse split ratio: 1-for-20 (board-selected under prior shareholder approval).
• Effective date/time: 4:01 p.m. Eastern Time, August 28, 2026; Nasdaq trading split-adjusted beginning Aug 31, 2026.
• Shares outstanding changed from ~21,071,803 to ~1,053,591; estimated public float after the split ~929,278.
• No change to authorized share count or par value; fractional shares were not issued—holdings that would have produced fractions were rounded up. Outstanding options, RSUs, warrants and equity plan share reserves were proportionately adjusted. New CUSIP: 05344R401.

Why It Matters

• A reverse split reduces the number of outstanding shares and raises the per-share price mechanically; it does not change the company’s market capitalization by itself. For investors, the split affects per-share metrics (price, per-share exercise prices, and share counts for awards) and may impact liquidity and trading characteristics.
• Important practical effects: your holdings were consolidated (every 20 shares became 1), option/warrant exercise prices and share counts were adjusted proportionally, and there will be a new CUSIP for trading and recordkeeping. Check brokerage accounts for updated share totals and adjusted option/warrant terms.