Wellgistics Health sets a 1-for-50 reverse split effective May 26, 2026, to meet Nasdaq listing requirements.
Wellgistics Health (WGRX) will execute a 1-for-50 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on May 26, 2026. The move aims to regain compliance with Nasdaq listing standards, following approval by the company’s Board of Directors.
The reverse split reduces the number of outstanding shares by consolidating 50 shares into one. This corporate action typically addresses low stock prices that may risk delisting. No prior splits or similar actions were disclosed in recent filings.
The company did not specify immediate market reactions or trading adjustments ahead of the effective date.