06:04 AM EDT, 04/05/2024 (MT Newswires) -- Nutex Health ( NUTX ) said Friday that it will implement a 1-for-15 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement for continued listing.

The reverse stock split will reduce the company's outstanding common shares to about 50 million from 745 million and Nutex said its shares are set to start trading on a post-split basis from April 10 under the same "NUTX" ticker.