New york, ny, dec. 08, 2023 (globe newswire) -- via newmediawire – applied uv, inc. (“applied uv” or the “company”) (nasdaq: auvi), a leader in global food security, air quality, and specialty building solutions, today announced that it will effect a 1-for-25 reverse stock split (“reverse stock split”) of its issued and outstanding common stock, par value $0.0001 per share (“common stock”). the reverse stock split will become effective at 12:01am, eastern time, on december 12, 2023. as of that time, each 25 shares of issued and outstanding common stock will be converted into one share of common stock. proportional adjustments also will be made to outstanding equity awards, warrants and convertible notes, and to the number of shares issued and issuable under the company's stock incentive plans and certain existing agreements. the reverse stock split will not change the par value of the common stock, nor change the total number of authorized shares or shares issued and outstanding of preferred stock or any series of preferred stock. no fractional shares will be issued in connection with the reverse stock split. all fractional shares will be rounded up. the reverse stock split will affect all common stockholders uniformly and will not alter any stockholder's percentage interest in the company's equity.
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