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Aspire Biopharma Announces Reverse Stock Split
ESTERO, FL / ACCESS Newswire / January 14, 2026 / Aspire Biopharma Holdings, Inc. (Nasdaq:ASBP) ("Aspire" or the "Company"), a biopharmaceutical company developing multi-faceted patent-pending drug delivery technology, today announced a reverse stock ...
About this update from Aspire Biopharma Holdings, Inc.
[{"type":"text","content":"ESTERO, FL / ACCESS Newswire / January 14, 2026 / Aspire Biopharma Holdings, Inc. (Nasdaq:ASBP) ("Aspire" or the "Company"), a biopharmaceutical company developing multi-faceted patent-pending drug delivery technology, today announced a reverse stock split of its issued and outstanding common stock, par value $0.01 per share, at a ratio of one (1) share of common stock for every forty (40) shares of common stock, that will become effective as of 12:01 a.m. (Eastern Time) on January 16, 2026 (the "Effective Date"). The Company's common stock will begin trading on a split-adjusted basis when the market opens on January 16, 2026. At the Company's Special Meeting of Stockholders held on November 4, 2025, the Company's stockholders approved a proposal to authorize a reverse stock split of the Company's Common Stock, at a ratio within the range of 1-for-5 to 1-for-40. The Company's board of directors approved a 1-for-40 reverse split ratio, and on January 15, 2026, the Company will file a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect the reverse stock split effective January 16, 2026. The Company's common stock will continue to trade on The Nasdaq Capital Market under the stock ticker "ASBP" but will trade under the new CUSIP number 738920 206.","length":1368,"tagName":"p"},{"type":"text","content":"The reverse stock split is being implemented to ensure the Company meets the minimum bid price requirement for continued listing on The Nasdaq Capital Market.","length":158,"tagName":"p"},{"type":"text","content":"As a result of the reverse stock split, each forty (40) pre-split shares of common stock outstanding will automatically combine into one (1) new share of common stock without any action on the part of the holders, and the number of outstanding common shares will be reduced from approximately 158.8 million shares to approximately 4.0 million shares without taking into account fractional shares. No fractional shares will be issued as a result of the reverse stock split. All fractional shares will be rounded up to the nearest whole share on an individual participant level. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity (o...