StocksMedium•9 November 2026•
1 min read
GeoVax Labs Announces 1-for-24 Reverse Stock Split to Meet Nasdaq Listing Rules
Key Facts
1GeoVax Labs initiated a 1-for-24 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement.
GeoVax Labs initiated a 1-for-24 reverse stock split of its common stock to regain compliance with Nasdaq's minimum bid price requirement. Benzinga reported that the move is intended to increase the per-share trading price to meet the exchange's criteria for continued listing, with every 24 issued and outstanding shares automatically converted into one share.
GOVX closed at $0.1579 on November 6, 2026, remaining below the $1.00 threshold required by Nasdaq Listing Rule 5550(a)(2). The common stock is expected to begin trading on a split-adjusted basis at the market open on November 11, 2026, reducing the total number of outstanding shares from approximately 12.2 million to 508,745.