Business
Aspire Biopharma Holdings, Inc. Announces Approval Of Reverse Stock Split Ratio
ESTERO, FL / ACCESS Newswire / May 7, 2026 / Aspire Biopharma Holdings, Inc. (NASDAQ:ASBP) ("Aspire" or the "Company"), a developer of a multi-faceted patent-pending drug delivery technology, today announced that it will effect a one-for-thirty (1:30) ...
About this update from Aspire Biopharma Holdings, Inc.
[{"type":"text","content":"ESTERO, FL / ACCESS Newswire / May 7, 2026 / Aspire Biopharma Holdings, Inc. (NASDAQ:ASBP) ("Aspire" or the "Company"), a developer of a multi-faceted patent-pending drug delivery technology, today announced that it will effect a one-for-thirty (1:30) reverse stock split (the "reverse split") of its common stock, par value $0.0001 per share (the "Common Stock"), that will become effective on May 11, 2026, at 12:01 AM Eastern Time, before the opening of trading on The Nasdaq Capital Market ("Nasdaq"). Aspire has requested that its Common Stock begin trading on May 11, 2026, on a post-reverse split basis on the Nasdaq under the existing symbol "ASBP".","length":717,"tagName":"p"},{"type":"text","content":"The reverse split is primarily intended to bring Aspire into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq. The new CUSIP number for the Common Stock following the reverse split will be 738920305.","length":242,"tagName":"p"},{"type":"text","content":"At Aspire's special meeting of stockholders on April 10, 2026 (the "Special Meeting"), Aspire's stockholders approved the proposal to authorize Aspire's board of directors (the "Board"), in its sole and absolute discretion, to file a certificate of amendment (the "Amendment") to Aspire's amended and restated certificate of incorporation to effect the reverse split of the Company at a ratio of one-to-thirty (1:30). On April 24, 2026, the Board approved the reverse split at a ratio of one-to-thirty (1:30), and the Amendment has been filed with the Secretary of State of the State of Delaware, which will become effective on May 11, 2026, at 12:01 AM Eastern Time, before the opening of trading on the Nasdaq.","length":758,"tagName":"p"},{"type":"text","content":"The reverse split will affect all issued and outstanding shares of Common Stock. All outstanding options, restricted stock awards, warrants and other securities entitling their holders to purchase or otherwise receive shares of Common Stock will be adjusted as a result of the reverse split, as required by the terms of each security. The number of shares available to be awarded under any Equity Incentive Plan, will also be appropriately adjusted. Following the reverse split, the pa...