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TNMGBullishCorporate Developmentsnews

High materiality7/10

TNMG adopts 1-for-8 reverse split to preserve Nasdaq listing

Sep 3, 2026, 6:07 AM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Reverse splits often boost near-term stock price by reducing float effects and addressing listing rules; potential relief rally if Nasdaq eligibility is regained.

AI summary

What happened, with direct paths to the underlying reporting

TNMG announced a 1-for-8 reverse split to lift its share price above Nasdaq's $1 minimum and broaden institutional interest. The split becomes effective Sept 8, 2026 with no fractional shares issued and a new CUSIP for split-adjusted shares; Computershare will handle transfers and brokers will auto-adjust positions. If listing compliance is regained, near-term upside may emerge; otherwise delisting risk remains a consideration.

TNMG to implement 1-for-8 reverse split.
Aims to regain Nasdaq minimum $1 bid price.
Effective Sept 8, 2026; eight-to-one consolidation.
No fractional shares; rounding up to whole shares.
Board approved final ratio Aug 27; range allowed up to 1-for-10.

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