Glucotrack, Inc. Announces 1-for-15 Reverse Stock Split

What Happened
Glucotrack, Inc. (GCTK) announced a 1-for-15 reverse stock split by filing a Certificate of Amendment with the Delaware Secretary of State, effective at 4:30 p.m. ET on August 28, 2026. The reverse split was approved by shareholders at the company’s August 18, 2026 annual meeting. The company will begin trading on a split‑adjusted basis at market open on August 31, 2026; the ticker remains GCTK and the new CUSIP is 45824Q887. No fractional shares were issued — fractional entitlements were rounded up to the next whole share.

Key Details

• Outstanding shares were reduced proportionally from 11,972,157 to approximately 798,144 as of immediately prior to the Effective Time. Authorized common shares remain 250,000,000.
• The filing restates historical per‑share figures and share counts for reported periods (annual 2024–2025 and quarterly periods through June 30, 2026) to reflect the 1-for-15 split. Example adjustments:
  • Q1 2026 weighted average basic shares: pre‑split 1,638,128 → post‑split 109,209; net loss per share (basic) pre‑split $2.65 → post‑split $39.75.
  • Q2 2026 weighted average basic shares: pre‑split 5,009,085 → post‑split 333,939; net loss per share (basic) pre‑split $0.76 → post‑split $11.40.
• Outstanding stock options and warrants were adjusted along with their exercise prices. Transfer agent VStock Transfer, LLC will act as exchange agent and send transaction statements to record holders. Broker/nominee accounts will be adjusted automatically.

Why It Matters
A reverse stock split reduces the number of outstanding shares and increases per‑share metrics (like earnings or loss per share) without changing the company’s total market value or authorized share count. Investors will see historical per‑share figures and current holdings adjusted to the new share basis; option and warrant terms were also proportionally changed. The company’s ticker remains the same, but the new CUSIP and split‑adjusted trading may affect how quotes and historical charts appear.