Picard Medical Announces 1-for-50 Reverse Stock Split

What Happened
Picard Medical, Inc. filed a Certificate of Amendment on July 21, 2026 to effect a 1-for-50 reverse stock split of its common stock. The Reverse Stock Split becomes effective at 5:00 PM Eastern Time on July 31, 2026, and the company said its common stock will trade on a split-adjusted basis on the NYSE American under the existing symbol "PMI" at market open on August 3, 2026. A press release announcing the action was also issued on July 21, 2026.

Key Details

• Reverse split ratio: 1-for-50 (every 50 shares combined into 1 share). Par value remains $0.0001 per share.
• Effective time: 5:00 PM ET on July 31, 2026; split-adjusted trading begins at market open on August 3, 2026.
• New CUSIP: 71953R 207. Trading symbol remains "PMI."
• Shares after the split will equal outstanding shares divided by 50, rounded up to the nearest whole share; no fractional shares will be issued.

Why It Matters
A reverse stock split reduces the number of outstanding shares and adjusts the per-share basis for trading and reporting. For shareholders, the company confirms the timing, the trading symbol will remain the same, and a new CUSIP has been assigned — all important for trade settlement and recordkeeping. The filing provides the definitive implementation details investors need to ensure their brokerage records and positions reflect the split-adjusted shares beginning August 3, 2026.