Envoy Medical, Inc. (COCH) has completed a 1-for-10 reverse stock split of its Class A common stock, effective October 26, 2026. The stock began trading on a split-adjusted basis on the same day under the existing ticker symbol "COCH". This action is intended to help the company regain compliance with the Nasdaq's minimum bid price requirement.
Key Details
- Effective Date: The reverse stock split was effective at 12:01 a.m. Eastern Time on October 26, 2026.
- Split Ratio: Every 10 issued and outstanding shares of common stock were automatically combined into one share.
- Fractional Shares: No fractional shares will be issued. Stockholders entitled to a fractional share will receive a cash payment instead.
- Adjustments: The exercise prices and number of shares underlying the company's outstanding warrants, options, and other convertible securities will be proportionately adjusted.