Monitor post-split trading price for sustained compliance above $1.00. The large authorized/unissued share overhang signals likely future dilutive financings. Watch for any S-3 shelf filing or ATM drawdowns in the weeks following the split.
Price Chart
Executive Summary
VisionWave Holdings filed a Certificate of Amendment to effect a 1-for-20 reverse stock split, effective September 22, 2026, reducing outstanding shares from ~47.5M to ~2.4M. The split is intended to regain compliance with Nasdaq's $1.00 minimum bid price rule. Authorized shares remain at 150M common and 10M preferred, creating substantial dilution overhang.
Key Facts
- 1-for-20 reverse stock split effective 12:01 a.m. ET on September 22, 2026
- Outstanding shares reduced from ~47.5 million to ~2.4 million
- Authorized shares unchanged at 150,000,000 common and 10,000,000 preferred
- Public Warrants adjusted: each warrant exercisable for 1/20 of a share at $230.00 exercise price
- Split intended to maintain compliance with Nasdaq $1.00 minimum bid price (Rule 5450(a)(1))
- No fractional shares issued; fractional shares rounded up to next whole share
Financial Impact
Authorized but unissued common shares increase from ~102.5M to ~147.6M relative to post-split float, creating substantial potential dilution. No cash impact.
Risk Factors
- Reverse split may not sustain bid price above $1.00, leading to delisting risk
- Authorized but unissued shares (~147.6M post-split) create massive dilution overhang
- Reduced share count may decrease liquidity and increase volatility
- Warrant exercise price adjusted to $230.00 makes warrants deeply out-of-the-money
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001731122-26-001258 |
| Document: e7956_ex99-1.htm | 0001731122-26-001258 |
| Document: e7956_ex3-1.htm | 0001731122-26-001258 |
| Document: 0001731122-26-001258-index-headers.html | 0001731122-26-001258 |
| Document: 0001731122-26-001258-index.html | 0001731122-26-001258 |
| Document: 0001731122-26-001258.txt | 0001731122-26-001258 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | DEF 14A | $3.00 | awaiting T+20 | awaiting T+20 | $2.47 (+17.67%) |
Oct 13, 2026 14d ago | 8-K | $4.01 | awaiting T+20 | awaiting T+20 | $2.47 (+38.40%) |
Oct 9, 2026 18d ago | 144 | $4.52 | awaiting T+20 | awaiting T+20 | $2.47 (−45.35%) |
Oct 6, 2026 21d ago | 8-K | $4.88 | awaiting T+20 | awaiting T+20 | $2.47 (−49.39%) |
Oct 1, 2026 26d ago | 8-K | $4.49 | awaiting T+20 | awaiting T+20 | $2.47 (−44.99%) |
Sep 24, 2026 4w ago | 8-K | $5.79 $3.42 | ▼ −40.93% | ▼ −40.51% | $2.47 (−57.34%) |
Sep 24, 2026 4w ago | Press Release | $5.79 $3.42 | ▼ −40.93% | ▼ −40.51% | $2.47 (−57.34%) |
Sep 18, 2026 5w ago | 424B5 | $0.3101 $0.1885 | ▲ +39.21% | ▲ +38.31% | $2.47 (−696.52%) |
Sep 18, 2026 5w ago | 8-K | $0.3101 $0.1885 | ▼ −39.21% | ▼ −38.31% | $2.47 (+696.52%) |
Sep 18, 2026 5w ago | 8-K | $0.2628 $0.2130 | ▲ +18.95% | ▲ +19.15% | $2.47 (−839.88%) |
US Market Status
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