Flyte Aviation has announced its approval of a 1-for-10 reverse stock split, along with a company rebranding. Effective October 5, 2026, the company will change its name from Catheter Precision and will have its shares traded on NYSE American under the new ticker symbol VJET. The reverse split will merge every ten shares into a single share, with shareholders receiving cash for fractional parts through an exchange agent. This move aims to strengthen the company's market standing and streamline its capital structure.
The SEC filing details that the reverse split will not alter the company's par value or authorized share count. Existing warrants, equity awards, and convertibles will also be adjusted proportionally. The company expects to begin trading under its new name and ticker on October 5, 2026, with the new CUSIP 74933X807.
This strategic restructuring reflects Flyte Aviation's efforts to position itself for future growth. Shareholders and investors are advised to review the official SEC documentation for comprehensive details on the corporate actions.
