SRX Global Inc. 8-K

What Happened SRX Global Inc. (SRXH) filed an 8‑K reporting that the NYSE American notified the company on March 23, 2026 that it was not in compliance with Section 1003(f)(v) due to a low share price (closed below $0.10 on June 23, 2026) and that trading of its common stock was halted until a reverse split is completed. The company announced it will effect a 1‑for‑60 reverse stock split of its common stock, effective at market open on July 6, 2026, to seek compliance with the NYSE American continued listing standards.

Key Details

• NYSE notice of noncompliance: Section 1003(f)(v); stock closed below $0.10 on June 23, 2026 and trading halted.
• Reverse Split: 1-for-60 effective July 6, 2026; Board and majority shareholders had previously authorized a range of not less than 15‑for‑1 to not more than 1‑for‑85.
• Ownership and fractional shares: Par value unchanged; split treats all holders uniformly (ownership % unchanged except for fractional-share adjustments). No fractional shares will be issued—company will issue one whole share to any stockholder who would otherwise have been due a fractional share.
• Exchange logistics: Equity Stock Transfer LLC is acting as exchange agent; certificate holders will receive instructions; brokerage/"street name" holders need take no action.

Why It Matters The reverse split is a corrective step intended to raise SRXH’s per‑share price to meet NYSE American minimum price requirements and to enable resumption of normal trading. For investors, the split reduces the number of shares outstanding and increases the nominal share price proportionally, without changing each shareholder’s percentage ownership (aside from the treatment of fractional shares). The company’s filing also includes forward‑looking statements about regaining compliance and the split’s effects, and cautions that actual outcomes may differ.