Recent Updates — TOMZ
The Board of Directors appointed Mr. Niroshan Srirathan, previously the Interim Chief Financial Officer, to the position of permanent Chief Financial Officer effective October 11, 2026. The appointment comes with an offer letter providing an annual base salary of $205,000. Mr. Srirathan has served as Interim CFO since May 2026 and Controller since May 2024, bringing prior experience from Vistry Group plc and Berkeley Group Holdings plc. TOMI Environmental Solutions operates in the environmental remediation industry.
TOMI Environmental Solutions, Inc. mutually terminated its Agreement and Plan of Merger with Carbonium Core, Inc., effective September 15, 2026. The decision followed additional due diligence regarding Carbonium’s operations and financial performance, alongside the Company's current financial condition and strategic direction. No termination fee is payable by TOMI, and each party bears its own transaction costs. This development removes a significant potential acquisition or consolidation event from the Company's near-term outlook. TOMI Environmental Solutions operates in the environmental disinfection and decontamination industry, manufacturing and licensing Binary Ionization Technology for bio-decontamination applications.
TOMI Environmental Solutions reported that holders of convertible notes with an aggregate principal amount of $2,475,000 converted their debt into 1,649,989 shares of common stock as of September 1, 2026. This conversion increased the company's shareholders' equity to approximately $3.8 million, exceeding the $2.5 million minimum requirement under Nasdaq Listing Rule 5550(b)(1). While this move addresses a potential compliance issue regarding net tangible assets or stockholders' equity, the filing notes that there are no assurances the Nasdaq Hearings Panel will deem the company to have regained full listing compliance. TOMI Environmental Solutions operates in the environmental remediation industry, providing services for soil and groundwater cleanup.
TOMI Environmental Solutions reported second quarter 2026 results with revenue surging 118% year-over-year to $2.25 million and gross profit more than doubling to $1.39 million, driven by strong demand for capital equipment and consumables. The company reaffirmed its full-year 2026 revenue guidance of at least $12 million and highlighted a definitive merger agreement with Carbonium Core, Inc., which includes a required $10 million concurrent financing transaction. Additionally, TOMI secured unconditional EPA registration for SteraMist AgriMist across post-harvest agriculture and cannabis sectors, expanding its regulatory footprint to 11 European countries. The filing also notes the effective date of a 1-for-3 reverse stock split on July 20, 2026, implemented to regain Nasdaq compliance. TOMI Environmental Solutions operates in the environmental decontamination industry, providing disinfection and infection prevention solutions through its Binary Ionization Technology platform.
TOMI Environmental Solutions, Inc. implemented a 1-for-3 reverse stock split of its Voting Stock, effective at the start of trading on July 20, 2026. The split adjusted the number of outstanding shares and proportionallyatelyly adjusted exercise prices for outstanding stock options, warrants, and restricted stock units. The company is an environmental solutions provider specializing in decontamination-based technology solutions.
TOMI Environmental Solutions, Inc. will implement a one-for-three (1:3) reverse stock split of its common stock and Series A Preferred Stock on July 20, 2026. Every three shares of voting stock will automatically convert into one share, with no fractional shares issued; instead, shareholders entitled to fractional shares will receive one full post-split share. The split will also proportionally reduce the number of shares issuable upon the exercise of outstanding options and warrants and adjust their exercise prices. The company's new CUSIP number for common stock will be 890023302. TOMI Environmental Solutions, Inc. provides environmental decontamination and disinfection solutions.