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SkinHealth Systems Announces Reverse Stock Split

SKIN
  • SkinHealth Systems (NASDAQ: SKIN) Board of Directors approved a 1-for-20 reverse stock split of its Class A common stock.
  • The reverse stock split becomes effective at 12:00 a.m. ET on October 14, 2026, with split-adjusted trading beginning at market open on that date.
  • The company's ticker symbol remains "SKIN" while a new CUSIP number of 88331L306 is assigned.
  • The action was authorized by stockholders on September 22, 2026, to regain compliance with Nasdaq's $1.00 minimum bid price requirement.
  • Upon effectiveness, every 20 outstanding shares will combine into 1 share, reducing the total count from approximately 130.3 million to approximately 6.5 million.
  • The total number of authorized shares & par value per share remain unchanged.
  • Stockholders entitled to fractional shares will receive cash in lieu of such shares instead of fractional stock.
  • The conversion rate for the company's 7.95% Convertible Senior Secured Notes due 2028 will be adjusted proportionately.
  • Continental Stock Transfer & Trust Company serves as the transfer agent, with no action required for book-entry or broker-held shares.