HOOKIPA Pharma to Implement 1-for-10 Reverse Stock Split Effective July 9, 2024
Portfolio Pulse from Benzinga Newsdesk
HOOKIPA Pharma Inc. (NASDAQ: HOOK) announced a 1-for-10 reverse stock split effective July 9, 2024, to regain compliance with Nasdaq's minimum bid price requirement. The stock will trade on a split-adjusted basis starting July 10, 2024.
July 08, 2024 | 11:09 am
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HOOKIPA Pharma Inc. will implement a 1-for-10 reverse stock split effective July 9, 2024, to regain compliance with Nasdaq's minimum bid price requirement. The stock will trade on a split-adjusted basis starting July 10, 2024.
The reverse stock split is a technical adjustment to meet Nasdaq's listing requirements. While it does not change the company's fundamentals, it may affect short-term trading dynamics and investor perception.
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