180 Life Sciences To Conduct Reverse Stock Split Of Its Outstanding Shares Of Common Stock At 1-For-19 Ratio
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180 Life Sciences plans a reverse stock split at a 1-for-19 ratio, effective February 28, 2024, to meet Nasdaq's minimum bid price requirement for continued listing.
February 26, 2024 | 12:17 pm
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180 Life Sciences (ATNF) to undergo a 1-for-19 reverse stock split to comply with Nasdaq's minimum bid price, effective Feb 28, 2024.
The reverse stock split is a strategic move by 180 Life Sciences to increase its stock price above the $1.00 minimum bid price required by Nasdaq for continued listing. This action typically results in a short-term increase in stock price due to the reduced number of shares outstanding, making it more attractive to investors and helping the company to meet Nasdaq's listing requirements.
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