Ten shares will combine into one Monday; owners' percentage stakes stay the same except for fractional shares.
Catheter Precision (VTAK) will implement a 1-for-10 reverse stock split on October 5, 2026, reducing outstanding shares from 21.0 million to 2.1 million. The company will also change its name to Flyte Aviation and ticker to VJET. Ownership percentages remain unchanged except for fractional shares, which will be sold, and proportionate adjustments will be made to options, warrants, and convertible preferred stock. The stock will continue trading on the NYSE American.
How this was made
The 30-second read
Why it matters
The corporate action will consolidate shares, potentially improve per‑share price perception, but may also reduce liquidity and attract speculative trading around the split date.
Market read
A primary corporate action for a small‑cap listed company; traders may act on the split and rebranding.
What to watch
Potential impact on outstanding options, warrants, and convertible preferred stock could create pricing complexities.
Background
Catheter Precision, Inc. (NYSE American: VTAK) is rebranding to Flyte Aviation, Inc. and changing its ticker to VJET while executing a 1‑for‑10 reverse stock split.
Ticker impact
Company announced a 1-for-10 reverse stock split and a name/ticker change to Flyte Aviation (VJET) effective Oct 5, 2026.
likely pressure as the market prices in the split and name change
Reverse splits often trigger short-term trading activity; the unchanged ownership percentages suggest limited fundamental impact.
Market effects
May affect other small-cap aviation and specialty finance stocks as investors adjust exposure to split-related liquidity.
Limited to US-listed small-cap market; no broader regional effect.
Low global relevance; primarily a company-specific corporate action.
Counterpoint
Some investors may view the split as a cosmetic move and could short the stock anticipating limited upside.
Key entities
- companyCatheter Precision, Inc.
Current name and ticker VTAK, undergoing name and ticker change.
- companyFlyte Aviation, Inc.
New name and ticker VJET effective Oct 5, 2026.