Monopar Therapeutics Announces 1-For-5 Reverse Stock Split, Effective Monday August 12, 2024
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Monopar Therapeutics Inc. (NASDAQ:MNPR) announced a 1-for-5 reverse stock split effective August 12, 2024, to regain compliance with Nasdaq's listing rules. The stock will trade on a split-adjusted basis starting August 13, 2024.
August 09, 2024 | 12:03 pm
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Monopar Therapeutics Inc. (NASDAQ:MNPR) will implement a 1-for-5 reverse stock split effective August 12, 2024, to regain compliance with Nasdaq's listing rules. The stock will trade on a split-adjusted basis starting August 13, 2024.
The reverse stock split is aimed at regaining compliance with Nasdaq's listing rules, which is crucial for the company's continued listing. However, reverse stock splits can sometimes be perceived negatively by investors as they may indicate underlying financial issues.
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