DarioHealth Announces 20-For-1 Reverse Stock Split Effective August 28, Reducing Outstanding Shares To 2.4M

DarioHealth Corp. +3.70% Post

DarioHealth Corp.

DRIO

8.40

8.40

+3.70%

0.00% Post

DarioHealth Corp. (NASDAQ:DRIO) ("Dario" or the "Company"), a leader in the global digital health market, today announced that a reverse stock split of the Company's issued and outstanding common stock, par value $0.0001 per share (the "Common Stock") at a ratio of 20-for-1 is expected to be implemented at market open on August 28, 2025. The Company's Common Stock will begin trading on the Nasdaq Capital Market on a post-split basis at the market open on August 28, 2025, under the Company's existing trading symbol "DRIO", but will trade under a new CUSIP Number, 23725P 308.

 

After giving effect to the reverse share split of the Company's Common Stock, each twenty (20) Common Stock will be combined into one (1) Common Stock, such that the Company's 47,996,572 Common Stock outstanding will be reduced to approximately 2,399,829 Common Stock outstanding (the "Reverse Stock Split"). The Reverse Stock Split has no impact on the Company authorized shares, which remains 400,000,000 shares of common stock. No fractional shares will be issued as a result of the Reverse Stock Split as any fractional shares resulting from the Reverse Stock Split will be rounded up to the nearest whole share on a per stockholder basis.

The Reverse Stock Split was approved by the Company's board of directors under authority granted by the Company's stockholders at the Company's 2025 Annual Meeting of Stockholders held on July 23, 2025.