SkinHealth Systems Approves Reverse Stock Split Range at Special Meeting

What Happened
SkinHealth Systems Inc. (SKIN) held a virtual special meeting of stockholders on September 22, 2026 and filed an 8-K on September 28, 2026 reporting the results. Stockholders approved an amendment to the company’s Restated Certificate of Incorporation to combine outstanding Class A common shares by a reverse split ratio to be set by the board between 1-for-5 and 1-for-20. The record date for the meeting was August 3, 2026.

Key Details

• Outstanding Class A common shares as of the record date: 130,140,763.
• Shares present or represented at the meeting: 115,893,322 (≈89.05% of outstanding).
• Proposal 1 (reverse split amendment) vote: For 114,398,602; Against 1,406,150; Abstentions 88,570; Broker non-votes 0.
• Proposal 2 (adjournment authority) vote: For 114,344,814; Against 1,450,597; Abstentions 97,911; Broker non-votes 0.

Why It Matters
A board-authorized reverse stock split will reduce the number of outstanding shares and proportionally increase the per-share price once effected; the exact ratio (between 1-for-5 and 1-for-20) will be chosen by the board. The adjournment approval ensures the company can continue soliciting votes if needed. Investors should note the approval is a corporate action that changes share count and per-share math but does not change holders’ proportional ownership (except for fractional-share procedures), and further details and timing will come if and when the board sets the specific split ratio and effective date.