BioRestorative Therapies Announces 1-for-20 Reverse Stock Split

What Happened

• BioRestorative Therapies, Inc. (BRTX) filed a Certificate of Change on September 2, 2026 to implement a one-for-twenty (1-for-20) reverse stock split of its common stock, effective at 4:30 p.m. Eastern Time on September 7, 2026. The Board approved the Reverse Stock Split by unanimous written consent on August 27, 2026 without stockholder approval under Nevada law.
• At the Effective Time every 20 shares of common stock will be combined into one share, reducing issued and outstanding shares from 27,622,556 to approximately 1,381,128. The Common Stock will trade on The Nasdaq Capital Market on a reverse-split-adjusted basis beginning at the open on September 8, 2026 under the existing symbol "BRTX" and a new CUSIP (090655705).

Key Details

• Reverse split ratio: 1-for-20; Effective: Sept 7, 2026 at 4:30 p.m. ET; Trading adjusted: Sept 8, 2026.
• Outstanding shares reduced from 27,622,556 to ~1,381,128 (subject to fractional-share treatment).
• Authorized common shares reduced from 1,500,000,000 to 75,000,000; authorized preferred shares remain 20,000,000.
• No fractional shares will be issued; holders of record who would otherwise receive fractions will be rounded up to the next whole share. Shares held in street name will follow broker/nominee procedures, which may differ.
• Pro rata adjustments will be made to outstanding options, warrants, equity awards, exercise/conversion prices, and shares reserved under the 2021 Stock Incentive Plan.

Why It Matters

• The reverse stock split changes the number of shares outstanding and authorized common shares and will increase the per-share basis for remaining shares; it does not materially change each holder’s percentage ownership except for very small differences due to the rounding of fractional shares.
• Investors should note the effective and trading dates, the new CUSIP, and that broker procedures may affect how fractional shares are handled for those holding stock through a bank or broker. The company also confirmed administrative adjustments to options, warrants, and equity awards to reflect the split.