Gal announced a one-for-two hundred reverse stock split of its common stock effective July 12, 2026.

Key Highlights:

  • Reverse split 1-for-200 converts every 200 shares into 1 share, effective 11:59 p.m. ET on July 12, 2026.
  • Shares will trade on a split-adjusted basis beginning at market open on July 13, 2026.
  • No fractional shares will be issued; holders will receive cash in lieu based on OTCQB closing price prior to effectiveness.
  • Adjusts shares available under equity plans, outstanding options and warrants, and increases per-share exercise prices proportionately.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.