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BioAtla Creates Super-Voting Share to Advance Reverse Split

Story Highlights
  • BioAtla created a single Super-Voting preferred share for its CEO, granting voting power equal to all common shares on reverse split-related matters.
  • After stockholders twice fell short of the supermajority needed for a reverse stock split, the company adjourned the meeting to January 26, 2026 and structured the Super-Voting share to secure approval if sufficient common support materializes.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BioAtla Creates Super-Voting Share to Advance Reverse Split

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The latest update is out from BioAtla ( (BCAB) ).

On January 9, 2026, BioAtla’s board authorized the issuance of a single Series A Junior Preferred “Super-Voting” share to Chairman and CEO Jay M. Short for $0.01, granting him voting power equal to all common shares outstanding, but only on proposals related to a potential reverse stock split, related adjournments, or other board-designated, closely related matters. The special preferred share, which carries no dividend rights, minimal liquidation preference, strict transfer restrictions, and is redeemable by the board for $0.01, was created after stockholders on December 30, 2025 failed to deliver the required two-thirds voting power to approve a reverse stock split, despite majority support, and the special meeting was adjourned and reconvened on January 12, 2026, then again to January 26, 2026, with the new share designed to ensure that if at least two-thirds of the common stock voting at the reconvened meeting supports the reverse stock split, the company can secure formal approval and continue efforts to maintain compliance with Nasdaq listing standards.

The most recent analyst rating on (BCAB) stock is a Hold with a $0.43 price target. To see the full list of analyst forecasts on BioAtla stock, see the BCAB Stock Forecast page.

Spark’s Take on BCAB Stock

According to Spark, TipRanks’ AI Analyst, BCAB is a Neutral.

The score is held down primarily by very weak financial performance (no TTM revenue, large losses, ongoing cash burn, and negative equity) and bearish technicals (price well below major moving averages with negative MACD). Offsetting support comes from constructive program/regulatory updates on the earnings call and a financing-related corporate event that improves funding outlook for the Phase 3 program, while valuation signals are limited due to negative earnings and no dividend.

To see Spark’s full report on BCAB stock, click here.

More about BioAtla

BioAtla, Inc. is a Delaware-incorporated public company listed on Nasdaq that issues common stock and uses equity financing tools such as pre-paid advance agreements and standby equity purchase agreements to fund its operations, with shareholders recently asked to approve a potential reverse stock split to help manage its capital structure and listing requirements.

Average Trading Volume: 1,705,666

Technical Sentiment Signal: Sell

Current Market Cap: $23.65M

Learn more about BCAB stock on TipRanks’ Stock Analysis page.

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