GeoVax Labs will implement a 1-for-24 reverse stock split effective November 11, 2026, with the company's CUSIP number changing to 373678804.
GeoVax will effect a 1-for-24 reverse stock split effective Wednesday, November 11, 2026, with the CUSIP changing to 373678804. Such a large ratio is typically used by low-priced small-cap stocks to lift a depressed share price, and the split does not change the company's underlying value; historically these announcements are often followed by weak price action.
GeoVax Labs, Inc. (GOVX) has announced a 1-for-24 reverse stock split of its common stock, scheduled to become effective on Wednesday, November 11, 2026. Alongside this consolidation, the company will transition to a new CUSIP number, 373678804, as part of the corporate action.
GeoVax Labs will consolidate its Common Stock at a ratio of 1-for-24, effective Wednesday, November 11, 2026. Shareholders will receive 1 share for every 24 held, and the CUSIP number will change to 373678804.
No. A reverse split reduces the number of shares outstanding while proportionally raising the share price, so the total value of a position is unchanged by the split itself.