Business Context and Reporting Period
Company: Rockwell Medical, Inc. (RMTI)
Filing Type: Form 8-K (Current Report)
Date of Report: June 24, 2026
Reporting Period: Event-based report regarding a corporate action approved at the annual meeting on June 12, 2026, with an effective date of July 1, 2026.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a capital structure modification.
Material Changes
- Reverse Stock Split: The Company implemented a one-for-ten reverse stock split of its Common Stock.
- Effective Time: 12:01 a.m. Eastern Time on July 1, 2026.
- Trading Adjustments: Trading on the Nasdaq Capital Market will commence on a split-adjusted basis on July 1, 2026, under the symbol "RMTI" with a new CUSIP number (774374409).
- Fractional Shares: No fractional shares will be issued. Stockholders entitled to fractional shares will receive cash in lieu thereof, calculated based on the closing price on June 30, 2026.
- Equity Adjustments: Proportionate adjustments will be made to outstanding equity awards, Series X Convertible Preferred Stock conversion prices, and Warrants exercise prices.
Guidance, Outlook, and Risks
Management Commentary: The reverse stock split was approved by stockholders to implement the amendment to the Certificate of Incorporation. The par value per share remains unchanged at $0.0001.
Risks and Contingencies: The filing notes that cash payments for fractional shares are subject to withholding taxes. The description of the amendment is qualified by reference to the full Certificate of Amendment (Exhibit 3.1).
Investor Verification Checklist
- Verify the new CUSIP number (774374409) for post-split trading on July 1, 2026.
- Confirm the calculation of cash payments for fractional shares based on the June 30, 2026 closing price.
- Review the impact of the split ratio on the exercise prices and share counts of outstanding options, warrants, and convertible preferred stock.
- Check the updated authorized share count: 170,000,000 Common Stock and 2,000,000 Preferred Stock.