GrafTech International Ltd. announced a 1-for-10 reverse stock split of its common stock.
The reverse stock split was approved by the company's Board of Directors and stockholders.
The common stock is expected to begin trading on a reverse split-adjusted basis on August 29, 2025.
Reverse Stock Split Approval
Board of Directors and stockholders approved the 1-for-10 reverse stock split.
Trading Adjustment
Common stock to trade on split-adjusted basis starting August 29, 2025.
CUSIP and Share Reduction
New CUSIP number: 384313 607, total authorized shares reduced from 3,000,000,000 to 300,000,000.
- The Reverse Stock Split aims to streamline the company's share structure and enhance market perception.
- Proportionate adjustments will impact outstanding equity awards and the number of shares issuable under equity incentive plans.
The announcement of the reverse stock split signifies GrafTech International Ltd.'s strategic move to optimize its share structure and maintain competitiveness in the market.