(RTTNews) – SRX Global Inc. (SRXH) reported preliminary balance sheet results following its acquisition of EMJX and completion of a 1-for-60 reverse stock split on July 6, 2026.
The company stated an estimated net asset value of $60 million, equating to $3.07 per common share as of June 30, 2026. With $40 million in cash and over $15 million in short-term investments, SRX Global maintains a debt-free balance sheet. The firm now holds approximately 19.5 million shares outstanding post-split.
CEO Kent Cunningham emphasized that debt elimination and the EMJX acquisition have strengthened SRX’s financial foundation. Management confirmed no immediate plans for additional capital raises.
SRX outlined its capital allocation strategy: preserving financial flexibility, optimizing treasury returns via a diversified fixed-income portfolio, reinvesting in Halo for innovation, and pursuing strategic acquisitions aligned with its portfolio.
SRXH closed at $1.97 on Wednesday, rising 45.93%. As of overnight trading, the stock traded at $2.11, up 7.11%.
Also Read
- Meta Announces Over C$13 Billion Investment in Canada’s First AI‑Focused Data Center
- Thai court greenlights government’s $12bn emergency borrowing
- Modi and Albanese to ink major uranium deal as Indian leader’s visit expected to draw 30,000-strong crowd
- UK Police Arrest Pro‑Palestinian Activists Blockading Israeli‑Owned Drone Engine Facility
