SkinHealth Systems approves 1-for-20 reverse stock split

Long Beach, California - SkinHealth Systems (NASDAQ:SKIN) has received board approval for a 1-for-20 reverse stock split, set to take effect at midnight Eastern Time on Tuesday, according to a company press release. The reduced shares will commence trading on the Nasdaq Capital Market using the same SKIN symbol and new CUSIP number 88331L306.

Shareholders at the September 22, 2026 Special Meeting of Stockholders authorized the reverse split, with the Board determining the exact ratio. The primary goal is to meet Nasdaq's $1.00 minimum bid price requirement for maintaining listing on the Nasdaq Capital Market under Rule 5550(a)(2). Following the split, every 20 existing Class A shares will be consolidated into a single share.

As of October 7, 2026, this could reduce outstanding shares from around 130.3 million to approximately 6.5 million. The split will not affect the total authorized shares or par value per share. No fractional shares will be distributed; instead, non-eligible shareholders will receive cash. The 7.95% Convertible Senior Secured Notes due 2028 will also be adjusted proportionally to the 1-for-20 ratio.

Continental Stock Transfer & Trust Company serves as the transfer and exchange agent. Registered shareholders in book-entry form or through a broker do not need to take any further action. SkinHealth Systems, known for its Hydrafacial brand, is a medical aesthetics company.