Impact BioMedical Inc (NYSE American: IBO) Announces 1 for 12.62 Reverse Stock Split to Pursue Completion of Merger with Zoar Ltd. (previously Dr. Ashley's Ltd.
Impact BioMedical Inc. announced that its Board of Directors approved a 1-for-12.62 reverse stock split of its common stock, effective at 12:01 a.m. Eastern Time on September 23, 2026. The shares will continue trading on the NYSE American under the ticker "IBO" with a new CUSIP number, as the company pursues completion of its merger with Zoar Ltd. (previously Dr. Ashley's Ltd.).
Why it matters — IBO watchers would care because the reverse stock split is a structural corporate action tied to the company's progress toward completing its pending merger with Zoar Ltd.