Co-Diagnostics Executes 1-for-30 Reverse Stock Split to Maintain Nasdaq Listing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 30 2025
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Source: PRnewswire
- Reverse Stock Split: Co-Diagnostics announced a 1-for-30 reverse stock split effective January 2, 2026, aimed at regaining compliance with Nasdaq's minimum bid price requirement of $1.00, thereby mitigating delisting risks.
- Shareholder Approval: The reverse split was approved by shareholders at a special meeting on December 5, 2025, reflecting strong support for corporate governance and future growth, which enhances market confidence.
- Stock Trading Adjustment: Following the reverse split, Co-Diagnostics' stock will continue trading on Nasdaq under the new CUSIP number 189763 204, ensuring a smooth transition for investors into the adjusted trading environment.
- Equity Incentive Impact: The split will affect the number of stock options and warrants outstanding, with a corresponding increase in exercise prices, which is expected to enhance stock price stability and bolster investor confidence.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
