NEW YORK, July 8, 2026, 16:04 EDT
- SRX Global last traded at $2.08, gaining about 54%. The shares moved between $0.97 and $2.48.
- The company announced a special $0.05 cash dividend. Later, it posted a preliminary NAV of $3.07 per share.
- This came after a 1-for-60 reverse split that was part of meeting NYSE American listing rules.
SRX Global Inc. shares jumped late Wednesday, with the stock recently trading at $2.08, up around 54%. The move came after the company issued a preliminary net asset value of $3.07 per share and announced a one-time cash dividend earlier in the day. More than 50 million shares changed hands on NYSE American.
SRX is trying to reset investor sentiment after a tough period, including a 1-for-60 reverse split. The reverse split combines shares to boost the share price, but doesn’t change what each holder owns. An SEC filing showed NYSE American stopped trading when the stock dropped under listing standards, waiting for the split to go through.
SRX said after midday its estimated net asset value came to about $60 million, or $3.07 per share, as of June 30. The company reported cash around $40 million, with over $15 million in short-term investments. SRX had no debt. After the July 6 reverse split, about 19.5 million shares are outstanding.
SRX CEO Kent Cunningham said the company is now in the second half with “one of the strongest balance sheets” it has had, after wrapping up the EMJX acquisition and wiping out its debt. Management added it doesn’t expect to raise more capital any time soon. GlobeNewswire
SRX said Wednesday its board cleared a one-time cash dividend of $0.05 per share, totaling around $1 million, with the payout set for about Aug. 3 to holders on record as of July 22. Cunningham called it a “commitment to returning value directly” to shareholders, tying the move to profits from a SpaceX investment and hedging. GlobeNewswire
Trading in SRX was volatile Wednesday. Shares dropped close to 20% early, hitting $1.08 and printing a new 52-week low, according to Benzinga. Later, an NAV update helped the stock bounce off the lows.
The jump was big compared to the wider market. The iShares Russell 2000 ETF dropped about 1.2%. The SPDR S&P 500 ETF slipped 0.4%. The Invesco QQQ Trust barely moved.
Peer comps are hard now. SRX lands between a consumer-brand operator and treasury platform after its June EMJX deal put a digital-asset treasury play under the SRX umbrella. Halo consumer brands are still part of the mix. So it’s less like pet-product stocks, more like Strategy and MARA Holdings—names driven by digital-asset treasuries. But SRX’s latest update pointed to cash, short-term investments, and NAV, not just a crypto holding.
SRX has been moving into more investments. Last week, it said it made a strategic investment in Greenland Mines Ltd. That company is described as a critical and precious minerals developer with projects in Greenland.
The rally brings some clear risks. The company called its balance-sheet numbers preliminary and unaudited, so final results could change when it files the actual quarterly report. Traders just saw a halt and a reverse split, signs that SRX still faces a tight margin for error if demand drops or if the market prices in a discount to the posted NAV.
