TOMI Environmental Solutions, Inc. 8-K
Research Summary
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TOMI Environmental Solutions Effects 1-for-3 Reverse Stock Split
What Happened TOMI Environmental Solutions, Inc. announced in an 8-K that it will effect a one-for-three (1:3) reverse stock split of its common stock and Series A preferred stock, effective July 20, 2026 (Eastern Time). Shares of common stock will begin trading on a split-adjusted basis at market open on July 20, 2026. The company also reported a new CUSIP for the post-split common stock: 890023302.
Key Details
- Reverse split ratio: 1-for-3 (every three shares of voting stock convert into one post-split share).
- Effective date/time: Expected to be effective July 20, 2026 (Eastern Time); trading on a split-adjusted basis begins at market open that day.
- Fractional shares: No fractional shares will be issued; holders who would otherwise receive a fractional share will receive one full share instead.
- Options/warrants: The number of shares issuable under outstanding options and warrants will be proportionally reduced and their exercise prices adjusted automatically upon effectiveness.
- Authorized shares: The reverse split does not change the company’s total number of authorized common or preferred shares.
Why It Matters This corporate action reduces the number of outstanding voting shares on a 3-to-1 basis and adjusts option/warrant terms accordingly, so holders will see their share counts and per-share figures updated automatically. Trading will reflect the new share count beginning July 20, 2026 (market open), and the new CUSIP should be used for post-split transactions. Investors should note the fractional-share treatment (rounded up to one full share) and the automatic adjustments to derivative instruments; no change was made to the company’s authorized share totals.
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