Impact Biomedical Inc. will conduct a 1-for-12.62 reverse stock split on September 23, 2026, consolidating shares without changing shareholder value. This move facilitates its planned merger with Zoar Ltd., with a Form F-4 registration filed with the SEC. Post-split, each Impact share will convert to one Zoar share, correcting a prior 1-for-4 exchange announcement. The merger awaits SEC approval and regulatory clearance to proceed.
Impact Biomedical's reverse stock split and merger plans provide context for readers. For those tracking health-sector stocks, 66 of 91 priced US stocks rose today on Pluang. Notable movers include Inovio Pharmaceuticals Inc (INO) at USD 1.22 with a 5.65% increase, Enveric Biosciences Inc (ENVB) at USD 1.57 up 5.37%, and Cassava Sciences Inc (FLNA) at USD 0.72 rising 5.23%, as of Sep 18, 2026 01:31 WIB.
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