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:
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