Accuray Announces 1-for-40 Reverse Stock Split
Key Highlights
- ➤Accuray approved a 1-for-40 reverse stock split to regain Nasdaq minimum bid compliance
- ➤Split takes effect November 9, 2026, with split-adjusted ARAY trading under a new CUSIP
- ➤Shares outstanding will decrease from approximately 120.2 million to approximately 3.0 million
- ➤Authorized common shares will fall from 400 million to 10 million
MADISON, Wis., Nov. 4, 2026 /PRNewswire/ -- Accuray Incorporated (NASDAQ: ARAY) announced today that its Board of Directors has approved a 1-for-40 reverse stock split of the Company's common stock and a corresponding decrease to the authorized number of shares of common stock. The reverse stock split is intended to increase the per-share trading price of the Company's common stock and enable the Company to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market ("Nasdaq").
The reverse stock split will become effective at 12:02 a.m. Eastern Time on November 9, 2026. The Company's common stock is expected to begin trading on a split-adjusted basis when the Nasdaq market opens on November 9, 2026 under the Company's existing trading symbol, "ARAY," with a new CUSIP number of 004397 303.
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