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[8-K] Catheter Precision, Inc. Reports Material Event

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8-K
Rhea-AI Filing Summary

Catheter Precision, Inc. implemented a 1-for-19 reverse stock split of its common stock after stockholder authorization, effective at 12:01 a.m. ET on August 15, 2025. The company combined every 19 issued shares into one share and reduced issued and outstanding common shares from approximately 23,327,516 to approximately 1,227,764. The common stock continues to trade under the symbol VTAK on the NYSE American on a split-adjusted basis and received a new CUSIP number.

Authorized capital remains unchanged at 10 million preferred and 60 million common shares. Proportionate adjustments were made to outstanding stock options, warrants, conversion prices and shares available under incentive plans. Fractional shares will not be issued; holders entitled to fractions will receive cash pro rata from aggregated fractional-share sales, net of customary fees.

Catheter Precision, Inc. ha effettuato uno split inverso 1-per-19 delle proprie azioni ordinarie, con l'autorizzazione degli azionisti, con efficacia alle 12:01 a.m. ET del 15 agosto 2025. La società ha raggruppato ogni 19 azioni in circolazione in un'unica azione, riducendo le azioni ordinarie emesse e in circolazione da circa 23.327.516 a circa 1.227.764. Le azioni ordinarie continuano a essere negoziate con il simbolo VTAK sulla NYSE American su base rettificata per lo split e hanno ricevuto un nuovo numero CUSIP.

Il capitale autorizzato rimane invariato a 10 milioni di azioni privilegiate e 60 milioni di azioni ordinarie. Sono stati effettuati adeguamenti proporzionali alle opzioni su azioni, ai warrant, ai prezzi di conversione e alle azioni disponibili nei piani incentivanti in essere. Non saranno emesse frazioni di azioni; i detentori aventi diritto a frazioni riceveranno una liquidazione in contanti proporzionale derivante dalla vendita aggregata delle frazioni, al netto delle commissioni consuete.

Catheter Precision, Inc. llevó a cabo una consolidación inversa de acciones de 1 por 19 de sus acciones ordinarias, tras la autorización de los accionistas, con vigencia a las 12:01 a.m. ET del 15 de agosto de 2025. La compañía combinó cada 19 acciones emitidas en una sola, reduciendo las acciones ordinarias emitidas y en circulación de aproximadamente 23.327.516 a aproximadamente 1.227.764. Las acciones ordinarias continúan cotizando con el símbolo VTAK en la NYSE American en base ajustada por la consolidación y recibieron un nuevo número CUSIP.

El capital autorizado permanece sin cambios en 10 millones de acciones preferentes y 60 millones de acciones ordinarias. Se realizaron ajustes proporcionales a las opciones sobre acciones, warrants, precios de conversión y acciones disponibles bajo los planes de incentivos. No se emitirán fracciones de acciones; los titulares con derecho a fracciones recibirán efectivo prorrateado procedente de la venta agregada de las fracciones, neto de las tarifas habituales.

Catheter Precision, Inc.� 주주 승인 � 2025� 8� 15� 미국 동부시간(ET) 오전 12� 01분부� 보통주에 대� 1대 19� 액면병합(역병�)� 시행했습니다. 회사� 발행� 19주마� 1주로 병합하여 발행 � 유통 보통� 수를 � 23,327,516주에� � 1,227,764주로 감소시켰습니�. 보통주는 병합 조정 기준으로 NYSE American에서 계속 VTAK 기호� 거래되며 새로� CUSIP 번호� 부여받았습니다.

허가� 자본은 우선� 1,000� � � 보통� 6,000� 주로 변동이 없습니다. 미결� 스톡옵션, 워런�, 전환가 � 인센티브 플랜� 따라 사용 가능한 주식� 비례 조정� 이루어졌습니�. 소수주식은 발행되지 않으�, 소수주에 대� 권리가 있는 보유자는 통상 수수료를 공제� 집계� 소수� 매각대금에� 비례 배분� 현금� 지급받� 됩니�.

Catheter Precision, Inc. a réalisé un regroupement d'actions (reverse split) au ratio de 1 pour 19 de ses actions ordinaires, après autorisation des actionnaires, effectif à 00h01 ET le 15 août 2025. La société a combiné chaque groupe de 19 actions émises en une seule action, réduisant le nombre d'actions ordinaires émises et en circulation d'environ 23 327 516 à environ 1 227 764. Les actions ordinaires continuent d'être négociées sous le symbole VTAK sur la NYSE American sur une base ajustée du regroupement et ont reçu un nouveau numéro CUSIP.

Le capital autorisé reste inchangé à 10 millions d'actions privilégiées et 60 millions d'actions ordinaires. Des ajustements proportionnels ont été effectués sur les options d'achat d'actions en circulation, les bons de souscription, les prix de conversion et les actions disponibles dans le cadre des plans d'incitation. Les fractions d'actions ne seront pas émises ; les titulaires ayant droit à des fractions recevront en espèces une part au prorata issue de la vente groupée des fractions, nets des frais usuels.

Catheter Precision, Inc. führte nach Aktionärsgenehmigung eine 1-zu-19-Aktienzusammenlegung (Reverse Stock Split) ihrer Stammaktien mit Wirkung ab 15. August 2025, 0:01 Uhr ET durch. Das Unternehmen fasste jeweils 19 ausgegebene Aktien zu einer Aktie zusammen und reduzierte die ausgegebenen und im Umlauf befindlichen Stammaktien von etwa 23.327.516 auf etwa 1.227.764. Die Stammaktien werden weiterhin unter dem Kürzel VTAK an der NYSE American auf splitbereinigter Basis gehandelt und erhielten eine neue CUSIP-Nummer.

Das genehmigte Kapital bleibt unverändert bei 10 Millionen Vorzugs- und 60 Millionen Stammaktien. Proportionale Anpassungen wurden an ausstehenden Aktienoptionen, Warrants, Umrechnungspreisen und den im Rahmen von Incentive-Plänen verfügbaren Aktien vorgenommen. Bruchstücke von Aktien werden nicht ausgegeben; Inhaber mit Anspruch auf Bruchteile erhalten anteiligen Barbetrag aus dem aggregierten Verkauf der Bruchteile, abzüglich üblicher Gebühren.

Positive
  • Reverse split implemented at a 1-for-19 ratio, reducing outstanding shares from approximately 23,327,516 to 1,227,764
  • Listing continuity: Common stock continues to trade under the existing symbol "VTAK" on the NYSE American on a split-adjusted basis
  • Proportional adjustments were made to outstanding stock options, warrants, preferred conversion terms, and incentive-plan share availability to reflect the Reverse Stock Split
  • Authorized capital unchanged, maintaining 10 million preferred and 60 million common shares
Negative
  • None.

Insights

TL;DR Routine charter amendment to consolidate shares via a 1-for-19 reverse split, preserving capital structure while retaining listing.

The board executed its previously authorized discretion to amend the charter and effect a 1-for-19 reverse stock split, which uniformly consolidates outstanding shares and keeps the company listed under the existing trading symbol. The action required and received stockholder approval and was implemented via a Delaware certificate of amendment. The amendment leaves authorized share counts unchanged and includes standard mechanics for fractional-share cash-out and proportional adjustments to equity-linked instruments.

TL;DR Share count materially reduced from ~23.3M to ~1.23M via 1-for-19 reverse split; equity-linked instruments adjusted proportionally.

This reverse split reduces the number of outstanding shares reported and may affect per-share metrics going forward because share denominators are smaller, though the company notes no change to authorized capital. The company updated registration statements to reflect the split-adjusted share counts and confirmed treatment for fractional shares and adjustments to options, warrants and preferred conversions. There is no disclosure here of cash-raising or changes to business operations.

Catheter Precision, Inc. ha effettuato uno split inverso 1-per-19 delle proprie azioni ordinarie, con l'autorizzazione degli azionisti, con efficacia alle 12:01 a.m. ET del 15 agosto 2025. La società ha raggruppato ogni 19 azioni in circolazione in un'unica azione, riducendo le azioni ordinarie emesse e in circolazione da circa 23.327.516 a circa 1.227.764. Le azioni ordinarie continuano a essere negoziate con il simbolo VTAK sulla NYSE American su base rettificata per lo split e hanno ricevuto un nuovo numero CUSIP.

Il capitale autorizzato rimane invariato a 10 milioni di azioni privilegiate e 60 milioni di azioni ordinarie. Sono stati effettuati adeguamenti proporzionali alle opzioni su azioni, ai warrant, ai prezzi di conversione e alle azioni disponibili nei piani incentivanti in essere. Non saranno emesse frazioni di azioni; i detentori aventi diritto a frazioni riceveranno una liquidazione in contanti proporzionale derivante dalla vendita aggregata delle frazioni, al netto delle commissioni consuete.

Catheter Precision, Inc. llevó a cabo una consolidación inversa de acciones de 1 por 19 de sus acciones ordinarias, tras la autorización de los accionistas, con vigencia a las 12:01 a.m. ET del 15 de agosto de 2025. La compañía combinó cada 19 acciones emitidas en una sola, reduciendo las acciones ordinarias emitidas y en circulación de aproximadamente 23.327.516 a aproximadamente 1.227.764. Las acciones ordinarias continúan cotizando con el símbolo VTAK en la NYSE American en base ajustada por la consolidación y recibieron un nuevo número CUSIP.

El capital autorizado permanece sin cambios en 10 millones de acciones preferentes y 60 millones de acciones ordinarias. Se realizaron ajustes proporcionales a las opciones sobre acciones, warrants, precios de conversión y acciones disponibles bajo los planes de incentivos. No se emitirán fracciones de acciones; los titulares con derecho a fracciones recibirán efectivo prorrateado procedente de la venta agregada de las fracciones, neto de las tarifas habituales.

Catheter Precision, Inc.� 주주 승인 � 2025� 8� 15� 미국 동부시간(ET) 오전 12� 01분부� 보통주에 대� 1대 19� 액면병합(역병�)� 시행했습니다. 회사� 발행� 19주마� 1주로 병합하여 발행 � 유통 보통� 수를 � 23,327,516주에� � 1,227,764주로 감소시켰습니�. 보통주는 병합 조정 기준으로 NYSE American에서 계속 VTAK 기호� 거래되며 새로� CUSIP 번호� 부여받았습니다.

허가� 자본은 우선� 1,000� � � 보통� 6,000� 주로 변동이 없습니다. 미결� 스톡옵션, 워런�, 전환가 � 인센티브 플랜� 따라 사용 가능한 주식� 비례 조정� 이루어졌습니�. 소수주식은 발행되지 않으�, 소수주에 대� 권리가 있는 보유자는 통상 수수료를 공제� 집계� 소수� 매각대금에� 비례 배분� 현금� 지급받� 됩니�.

Catheter Precision, Inc. a réalisé un regroupement d'actions (reverse split) au ratio de 1 pour 19 de ses actions ordinaires, après autorisation des actionnaires, effectif à 00h01 ET le 15 août 2025. La société a combiné chaque groupe de 19 actions émises en une seule action, réduisant le nombre d'actions ordinaires émises et en circulation d'environ 23 327 516 à environ 1 227 764. Les actions ordinaires continuent d'être négociées sous le symbole VTAK sur la NYSE American sur une base ajustée du regroupement et ont reçu un nouveau numéro CUSIP.

Le capital autorisé reste inchangé à 10 millions d'actions privilégiées et 60 millions d'actions ordinaires. Des ajustements proportionnels ont été effectués sur les options d'achat d'actions en circulation, les bons de souscription, les prix de conversion et les actions disponibles dans le cadre des plans d'incitation. Les fractions d'actions ne seront pas émises ; les titulaires ayant droit à des fractions recevront en espèces une part au prorata issue de la vente groupée des fractions, nets des frais usuels.

Catheter Precision, Inc. führte nach Aktionärsgenehmigung eine 1-zu-19-Aktienzusammenlegung (Reverse Stock Split) ihrer Stammaktien mit Wirkung ab 15. August 2025, 0:01 Uhr ET durch. Das Unternehmen fasste jeweils 19 ausgegebene Aktien zu einer Aktie zusammen und reduzierte die ausgegebenen und im Umlauf befindlichen Stammaktien von etwa 23.327.516 auf etwa 1.227.764. Die Stammaktien werden weiterhin unter dem Kürzel VTAK an der NYSE American auf splitbereinigter Basis gehandelt und erhielten eine neue CUSIP-Nummer.

Das genehmigte Kapital bleibt unverändert bei 10 Millionen Vorzugs- und 60 Millionen Stammaktien. Proportionale Anpassungen wurden an ausstehenden Aktienoptionen, Warrants, Umrechnungspreisen und den im Rahmen von Incentive-Plänen verfügbaren Aktien vorgenommen. Bruchstücke von Aktien werden nicht ausgegeben; Inhaber mit Anspruch auf Bruchteile erhalten anteiligen Barbetrag aus dem aggregierten Verkauf der Bruchteile, abzüglich üblicher Gebühren.

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): August 13, 2025
 
Catheter Precision, Inc.
(Exact name of registrant as specified in its charter)
 

 
Delaware
001-38677
38-3661826
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)
 
1670 Highway 160 West – Suite 205, Fort Mill, SC 29708
(Address of principal executive offices) (Zip code)
 
Registrant’s telephone number, including area code: (973) 691-2000
 
Not Applicable
(Former name of former address, if changes since last report.)
 

 
Check the appropriate box below if the Form 8‑K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
 
 
Soliciting material pursuant to Rule 14a‑12 under the Exchange Act (17 CFR 240.14a‑12)
   
 
 
Pre-commencement communications pursuant to Rule 14d‑2(b) under the Exchange Act (17 CFR 240.14d‑2(b))
   
 
 
Pre-commencement communications pursuant to Rule 13e‑4(c) under the Exchange Act (17 CFR 240.13e‑4(c))
 
 
Securities registered pursuant to Section 12(b) of the Act:
         
Title of each class
 
Trading Symbol(s)
 
Name of each exchange on which registered
Common Stock
 
VTAK
 
NYSE American
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b‑2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).
 
Emerging Growth Company         
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.          ☐
 


 
 

 
Item 3.03. Material Modification to Rights of Security Holders.
 
To the extent required by Item 3.03 of Form 8-K, the information in Item 5.03 of this report is incorporated herein by reference.
 
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
 
As previously reported in its Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on July 28, 2025, Catheter Precision, Inc. (“we,” “us,” “our” or the “Company”) held its 2025 annual meeting (the “Annual Meeting”) of stockholders on July 25, 2025, at which the Company’s stockholders approved the proposal to give the Company’s board of directors (the “Board”) the authority, at its discretion, to file a certificate of amendment to the Company’s restated certificate of incorporation, as amended, to effect a reverse split of the Company’s issued common stock, par value $0.0001 per share (the “Common Stock”), at a ratio not less than 1-for-5 and not greater than 1-for-19, with the exact ratio to be selected by the Board in its discretion and to be effected, if at all, in the sole discretion of the Board at any time following stockholder approval of the proposal and without further approval or authorization of the Company’s stockholders.
 
Subsequently, the Board determined to effect a reverse split of the Common Stock (the “Reverse Stock Split”) at a ratio of 1-for-19 (the “Reverse Stock Split Ratio”).
 
On August 13, 2025, the Company filed a certificate of amendment to the Company’s restated certificate of incorporation, as amended, with the Secretary of State of the State of Delaware to effect the Reverse Stock Split (the “Charter Amendment”). The Charter Amendment became effective at 12:01 a.m. Eastern Time on August 15, 2025, and the Common Stock began trading on a split-adjusted basis at the opening of trading on the NYSE American on August 15, 2025. The Common Stock will continue to trade under its existing symbol “VTAK,” but the Common Stock has been assigned a new CUSIP number (74933X 708).  Following the Reverse Stock Split, every 19 shares of Common Stock issued, including shares held by the Company in treasury, if any, was automatically reclassified and combined into one share of Common Stock. No fractional shares will be issued to stockholders as a result of the Reverse Stock Split. Stockholders of record who otherwise would be entitled to receive fractional shares will be entitled to receive their pro rata portion of the net proceeds obtained from the aggregation and sale by the exchange agent of the fractional shares resulting from the reverse stock split (reduced by any customary brokerage fees, commissions and other expenses). The Reverse Stock Split affects all stockholders uniformly and will not change any stockholder’s percentage ownership interest or any stockholder’s proportionate voting power, except for immaterial changes that may result from the treatment of fractional shares.
 
The Reverse Stock Split reduced the number of issued and outstanding shares of Common Stock from approximately 23,327,516 to approximately 1,227,764. The Company’s authorized capital stock did not change as a result of the Reverse Stock Split, but remains at 10 million shares of Preferred Stock and 60 million shares of Common Stock.
 
In addition, as a result of the Reverse Stock Split, proportionate adjustments have been made to the per share exercise prices of, and the number of shares underlying, the Company’s outstanding stock options and warrants, as well as to the number of shares available for the grant of awards under the Company’s stock incentive plans. The per share conversion prices and ratios of the Company’s outstanding preferred stock have also adjusted proportionately.
 
The foregoing description of the Charter Amendment does not purport to be complete and is qualified in its entirety by reference to the full text thereof, which is filed as an exhibit to this report and is incorporated herein by reference.
 
-2-

 
Item 8.01 Other Events.
 
The information in Item 5.03 of this report is incorporated herein by reference.
 
The Company has registration statements on Form S-1 No. 333-262195, Post Effective Amendment to S-1 No. 333-240187, S-1 No. 333-239887, S-1 No. 333-237701, S-3 No. 333-267443, S-1 (Post Effective Amendment to S-3) No. 333-269491, S-3 No. 333-271388, S-1 (Post Effective Amendment to S-3) No. 333-270919, S-8 No. 333-264495, S-8 No. 333-254370, S-8 No. 333-250094, S-8 No. 333-237096, S-8 No. 333-230332, S-8 No. 333-227696, S-8 No. 333-269612, S-8 No. 333-273351, S-3 No. 333-284217, S-1 No. 333-283392, Post Effective Amendment to S-1 No. 333-281849, S-1 No. 333-279930, S-8 No. 333-280786, S-3 No. 333-287483, and S-8 No. 333-288348 on file with the SEC (collectively, the “Registration Statements”). SEC regulations permit the Company to incorporate by reference future filings made with the SEC pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act, prior to the termination of the offerings covered by these registration statements. The information incorporated by reference is considered part of the prospectus included within each of those registration statements. Information in this Item 8.01 is intended to be automatically incorporated by reference into each of these Registration Statements, thereby amending them. Pursuant to Rule 416(b) under the Securities Act of 1933, as amended, the amount of undistributed shares of Common Stock deemed covered by the Registration Statements was proportionately reduced as of the effective time of the Reverse Stock Split at the Reverse Stock Split Ratio.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit No.
 
Description
3.1
 
Certificate of Amendment of Restated Certificate of Incorporation dated August 13, 2025
     
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 
-3-

 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
 
CATHETER PRECISION, INC.
 
     
     
Date: August 15, 2025
/s/ Philip Anderson
 
 
Philip Anderson
 
 
Chief Financial Officer
 
 
 

FAQ

What reverse split ratio did Catheter Precision (VTAK) implement?

The company effected a 1-for-19 reverse stock split of its common stock, effective August 15, 2025.

How many shares are outstanding after the reverse split for VTAK?

Issued and outstanding shares were reduced to approximately 1,227,764 from about 23,327,516.

Will VTAK continue trading on the NYSE American after the split?

Yes. The common stock began trading on a split-adjusted basis at the opening of trading on the NYSE American on August 15, 2025, under the existing symbol VTAK.

What happens to fractional shares after the reverse split?

No fractional shares will be issued; stockholders entitled to fractional shares will receive a pro rata cash payment from the aggregated sale of fractional shares, net of customary fees.

Did the reverse split change the company’s authorized share counts?

No. The authorized capital stock remained unchanged at 10 million preferred shares and 60 million common shares.
Catheter Precision

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3.98M
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Medical Devices
Surgical & Medical Instruments & Apparatus
United States
FORT MILL