Bonk implements 1-for-35 reverse stock split effective December 11

Bonk, Inc. (NASDAQ: BNKK) announced a 1-for-35 reverse stock split of its common stock, effective December 11, 2025, at 12:01 AM EST. The stock will continue trading under the symbol "BNKK" with a new CUSIP number 48208F303.

The reverse split will reduce outstanding shares from approximately 184,976,280 to approximately 5,285,037 shares. The company stated the action is designed to meet Nasdaq's minimum $1.00 per share bid price requirement for continued listing on The Nasdaq Capital Market.

Stockholders approved the reverse split range at a special meeting held June 12, 2025, with the board of directors retaining discretion over implementation timing.

"We have spent this entire year rebuilding the engine of this company, turning it into a debt-free, revenue-generating machine," said CEO Jarrett Boon. "Now, we are streamlining the chassis."

The company's transfer agent, ClearTrust, LLC, will serve as the exchange agent. Stockholders holding shares electronically or through brokers will have positions automatically adjusted. No fractional shares will be issued, with cash payments made for fractional holdings.

Proportionate adjustments will be made to shares underlying preferred stock, equity awards, warrants, and equity incentive plans, along with corresponding conversion or exercise prices. The number of authorized shares and par value per share remain unchanged.

Bonk, Inc. describes itself as a company focused on bridging traditional public markets and the digital asset ecosystem through its subsidiary BONK Holdings LLC. The company also operates beverage brands Sure Shot and Yerbaé.

You May Also Be Interested In

• RegenxBio completes dosing in RGX-202 confirmatory Duchenne study
• Canadian Solar unit to supply 381 MWh battery system in Michigan
• UMH Properties backs new manufactured housing legislation