EBR Systems, Inc. 8-K

What Happened
EBR Systems, Inc. (ticker: EBRCZ) filed a Certificate of Amendment on March 26, 2026 to effect a one-for-ten (1:10) reverse stock split of its common stock, effective April 1, 2026 at 4:00 a.m. Eastern Time. The reverse split was approved by shareholders at the Annual Meeting on March 11, 2026 (authorizing a split between 1-for-5 and 1-for-20) and the Board selected a final ratio of 1-for-10 on March 17, 2026. The Charter Amendment does not change the number of authorized shares or the par value.

Key Details

• Reverse split ratio: 1-for-10; effective date/time: April 1, 2026 at 4:00 a.m. ET.
• Certificate of Amendment filed with Delaware Secretary of State on March 26, 2026.
• CHESS Depositary Interests (CDIs) transmutation ratio changes from 1:1 to 10:1; CDIs are not consolidated and no change in CDI value is anticipated except for minor rounding.
• Fractional post-split shares will be rounded up to the nearest whole share; corresponding CDIs rounded up to the nearest multiple of 10. ASX trading: last pre-split CDI trading day Mar 30, 2026 (AUS time); first post-split deferred settlement trading day Mar 31, 2026 (AUS time).

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases the per‑share price proportionally (in this case 10 pre-split shares become 1 post-split share). For investors that hold shares or CDIs, ownership percentages should remain the same aside from any rounding adjustments described in the filing; the company did not change authorized shares or par value. Australian CDI holders should note the change in conversion ratio and the specified ASX trading dates. The filing includes standard forward‑looking statement disclaimers about future effects and trading impacts.