Trevena Announces 1-For-25 Reverse Stock Split, Effective Tuesday, August 13, 2024
Portfolio Pulse from Benzinga Newsdesk
Trevena, Inc. (NASDAQ:TRVN) announced a 1-for-25 reverse stock split effective August 13, 2024, to regain compliance with Nasdaq's $1.00 minimum bid price requirement. The stock will trade on a split-adjusted basis starting that day.
August 08, 2024 | 9:34 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Trevena, Inc. (NASDAQ:TRVN) is implementing a 1-for-25 reverse stock split effective August 13, 2024, to comply with Nasdaq's $1.00 minimum bid price requirement. The stock will trade on a split-adjusted basis starting that day.
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100