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Galmed Pharmaceuticals (GLMD) to implement 1-for-8 reverse share split in August 2026
Galmed Pharmaceuticals (GLMD) has announced a 1-for-8 reverse share split, consolidating its ordinary shares, with post-split trading expected to begin on August 19, 2026, on the Nasdaq Capital Market. This action will reduce the number of outstanding shares from 8,332,518 to approximately 1,041,565 and adjust the par value and authorized share capital accordingly. The split is intended to …