Lifeward Ltd. (NASDAQ: LFWD) said it will implement a 1-for-12 reverse stock split that becomes effective at the opening of trading on February 24, 2026. Following the announcement, the company’s shares declined 10.5% on Friday.
Under the reverse split, every 12 issued and outstanding ordinary shares will be combined into one share. As a result, Lifeward’s outstanding share count is expected to fall from approximately 18.3 million pre-split shares to approximately 1.5 million post-split shares.
The company stated that the reverse split is intended to assist in meeting Nasdaq’s continued listing standards by raising the per-share trading price above the exchange’s minimum $1.00 threshold. Lifeward’s ordinary shares will receive a new CUSIP number, M8216Q309, and will begin trading on a split-adjusted basis on February 24.
Shareholders previously authorized the possibility of a reverse split on January 6, 2026, when they granted the Board of Directors the authority to determine whether to effect a reverse share split and to set the split ratio. The Board later resolved to carry out a 1-for-12 reverse split and to amend the company’s Articles of Association to reflect that change.
In connection with the reverse split, the Board also voted to raise the company’s authorized share capital to 100,000,000 shares.
The corporate action will apply to outstanding warrants, including pre-funded warrants, and to stock options. Lifeward said that the number of shares subject to these instruments and their exercise prices will be adjusted proportionately to reflect the 1-for-12 ratio.
The company indicated that fractional shares will not be issued. Any fractional share interests created by the split will be rounded down to the nearest whole share. Lifeward further noted that fractional share interests will not entitle holders to voting rights or other shareholder rights.
Context for holders and market participants
Investors holding warrants, pre-funded warrants or stock options should expect their positions and exercise prices to be modified in proportion to the reverse split ratio. Holders of fractional interests should note that those fractional interests will be rounded down and will not carry voting privileges or other shareholder rights.