Key Highlights

● Name change and split: The board approved renaming the company Flyte Aviation, Inc. and executing a 1-for-10 reverse stock split, both effective 12:01 a.m. Eastern October 5, 2026.

● New ticker: Shares begin trading October 5, 2026 on NYSE American under ticker VJET with a new CUSIP number.

● Follows prior acquisition: The Flyte Aviation name follows the company's Acquisition of Fly Flyte, Inc., an AI-enabled aviation company, which closed in March 2026 and was shareholder-approved April 16, 2026, though this 8-K itself does not restate that rationale.

● Split mechanics: Every ten shares will combine into one, with no fractional shares issued; holders of fractional shares instead receive a cash payment for their pro rata share of proceeds.

Catheter Precision, Inc.'s board approved changing the company's name to Flyte Aviation, Inc. and carrying out a 1-for-10 reverse stock split, both effective at 12:01 a.m. Eastern time on October 5, 2026, the company (NYSE:VTAK) disclosed in an 8-K filed September 25, 2026. Shares will begin trading that day on NYSE American under a new ticker, VJET, with a new CUSIP number.

Two Board Actions, One Effective Date

The board's actions came on September 24, 2026. The name change to Flyte Aviation, Inc. required no separate stockholder vote because Delaware law permits a board to approve such a change without one in this circumstance. The reverse split, by contrast, draws on authority stockholders already granted at a special meeting held April 15, 2026, when they approved a range of potential reverse-split ratios; the board's Job at this stage was simply to select the specific ratio within that pre-approved range, and it chose 1-for-10.

Mechanics of the Split

Every ten shares of Catheter Precision common stock outstanding will be combined into one share once the split takes effect. No fractional shares will be issued; stockholders who would otherwise hold a fraction of a share will instead receive a cash payment representing their pro rata share of the proceeds from selling the aggregated fractional shares. The company's Par Value per share and its total authorized share count remain unchanged. Proportionate adjustments will be made to outstanding Equity awards, warrants and convertible securities to reflect the new share count.

New Name, New Ticker

Starting October 5, 2026, the company will trade on NYSE American as Flyte Aviation, Inc. under ticker symbol VJET, replacing Catheter Precision's prior listing and ticker. The filing was signed by Chief Financial Officer Philip Anderson. This 8-K itself is limited to the mechanics of the two corporate actions, the name change and the reverse split, and does not restate the Business background behind the new name.

Why the Name Follows a Prior Acquisition

The Flyte Aviation name is not unexplained: it follows Catheter Precision's acquisition of Fly Flyte, Inc., an AI-enabled aviation company, which the company had already completed in March 2026 after shareholders approved it on April 16, 2026. This 8-K, however, covers only the name-change and reverse-split mechanics and does not itself restate the Fly Flyte transaction, its integration progress, or how it relates to Catheter Precision's historical cardiac catheter business. The filing does not describe what became of that existing cardiac catheter business under the Flyte Aviation name, nor does it mention any new business combination, asset acquisition, or management changes tied to this particular rebranding disclosure, and it does not specify the exact ratio range stockholders approved in April beyond confirming that 1-for-10 falls within it.

Why Companies Do Reverse Splits

A Reverse Stock Split reduces the number of shares outstanding while proportionally increasing the price per share, without changing a shareholder's overall percentage ownership except for the cash-out of fractional shares. Companies commonly use them to meet minimum share-price listing requirements on an exchange or to make a stock more attractive to certain classes of investors. The filing does not state which of these motivations, if any, applies here, or whether the company faced a specific listing-compliance deadline.

Trading Debut and Adjustment Details to Confirm

Watch for: trading to resume October 5, 2026 under the ticker VJET and new CUSIP 74933X807; any further disclosure tying the Flyte Aviation name more explicitly to the completed Fly Flyte, Inc. acquisition and its integration progress; and confirmation of how outstanding equity awards, warrants and convertible securities are adjusted once the reverse split is effective.