08:15 AM EDT, 06/10/2026 (MT Newswires) -- Basel Medical ( BMGL ) said Wednesday that its board has approved a 1-for-12 reverse stock split, effective June 22.

The company said the reverse share split was approved to comply with Nasdaq rules requiring listed securities to maintain a minimum bid price of $1 apiece.

Basel Medical ( BMGL ) shares were down over 33% in Wednesday's premarket activity.

Price: 0.42, Change: -0.21, Percent Change: -33.67