The name and ticker change reflect a strategic pivot to aviation, but no operational or financial details were provided. Monitor the company's next quarterly filing for revenue and fleet utilization metrics to assess the aviation business's performance.
Price Chart
Executive Summary
Catheter Precision (VTAK) announced a name change to Flyte Aviation, Inc., a ticker change to VJET, and a 1-for-10 reverse stock split effective October 5, 2026. The reverse split reduces outstanding shares from ~21.0M to ~2.1M and is intended to support the company's pivot to a private aviation business. No financial results or guidance were provided.
Key Facts
- Name change to Flyte Aviation, Inc. and ticker change to VJET effective October 5, 2026.
- 1-for-10 reverse stock split reduces outstanding shares from ~21.0M to ~2.1M.
- Reverse split approved by stockholders at a Special Meeting on April 15, 2026.
- No fractional shares will be issued; fractional shares will be aggregated and sold.
- Company remains listed on NYSE American.
- No financial data, revenue, EPS, or guidance provided in the release.
Financial Impact
Reverse stock split reduces share count by 90% but does not change proportional ownership; no financial impact disclosed.
Risk Factors
- Reverse stock splits can signal financial distress and may not improve liquidity or market perception.
- No financial data or guidance provided; the aviation pivot's revenue contribution is unquantified.
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3374036 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 9, 2026 17d ago | 8-K | $1.00 $0.8200 | ▲ +18.00% | ▲ +16.51% | $0.7100 (+29.00%) |
Oct 5, 2026 21d ago | Press Release | $1.62 $1.00 | ▼ −38.27% | ▼ −38.69% | $0.7100 (−56.17%) |
Oct 2, 2026 24d ago | 8-K | $1.62 $1.00 | ▼ −38.27% | ▼ −38.69% | $0.7100 (−56.17%) |
Oct 2, 2026 24d ago | Press Release | $1.62 $1.00 | ▼ −38.27% | ▼ −38.69% | $0.7100 (−56.17%) |
Sep 28, 2026 28d ago | Press Release | $0.1467 | awaiting T+5 | — | $0.7100 (+383.98%) |
Sep 25, 2026 4w ago | 8-K | $0.1467 | awaiting T+5 | — | $0.7100 (+383.98%) |
Aug 27, 2026 8w ago | Press Release | $0.2027 $0.1966 | ▼ −3.01% | ▼ −3.28% | $0.7100 (+250.27%) |
Aug 11, 2026 10w ago | Press Release | $0.2900 $0.2229 | ▼ −23.14% | ▼ −22.73% | $0.7100 (+144.83%) |
Aug 4, 2026 11w ago | Press Release | $0.2760 $0.2930 | ▲ +6.16% | ▲ +6.26% | $0.7100 (+157.25%) |
Jul 13, 2026 15w ago | EFFECT | $0.6504 $0.5020 | ▲ +22.82% | ▲ +21.87% | $0.7100 (−9.16%) |
US Market Status
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