Idaho Copper Corp. announced a 1-for-20 reverse stock split to meet NYSE American listing requirements.
The split is effective as of December 15, 2025, with every 20 shares combined into 1 share.
Total authorized shares reduced from 100,000,000 to 5,000,000, impacting all stockholders.
Reverse Stock Split
1-for-20 reverse split effective from December 15, 2025.
Listing Strategy
Move to NYSE American with increased share price per listing standards.
Corporate Action
Adjustments made for outstanding equity awards and securities in line with the split.
- The reverse split aims to boost the share price to meet initial listing standards for the NYSE American exchange.
- Stockholders' ownership interests remain largely unaffected, but adjustments for fractional shares will be rounded up.
The decision to implement a reverse split reflects Idaho Copper Corp.'s strategic move towards uplisting on the NYSE American, aiming for sustainable value creation for shareholders.