SkinHealth Systems to Implement 1-for-20 Reverse Stock Split

MT newswire2026/10/09 13:20

09:20 AM EDT, 10/09/2026 (MT Newswires) -- SkinHealth Systems' (SKIN) board has approved a 1-for-20 reverse stock split of the company's class A common stock, the company said Friday. The reverse stock split is intended to help SkinHealth regain compliance with Nasdaq's $1 minimum bid price requirement for continued listing, the company said. Under the plan, every 20 shares of SkinHealth will be combined into one share. The reverse stock split is expected to reduce the number of outstanding shares to around 6.5 million from 130.3 million, based on the number of shares outstanding as of Oct. 7. The class A common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market at the market open on Oct. 14.

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