Exicure Announces 1-For-5 Reverse Stock Split Effective August 27, 2024
Portfolio Pulse from Benzinga Newsdesk
Exicure has announced a 1-for-5 reverse stock split effective August 27, 2024, to regain compliance with Nasdaq listing requirements. Trading on a split-adjusted basis will begin on August 28, 2024.
August 26, 2024 | 1:08 pm
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Exicure is implementing a 1-for-5 reverse stock split to regain compliance with Nasdaq listing requirements. This move is aimed at increasing the stock price to meet the minimum bid price rule.
The reverse stock split is a strategic move to increase the stock price, which is necessary for Exicure to meet Nasdaq's minimum bid price requirement. This action is likely to have a positive short-term impact on the stock price as it addresses compliance issues, potentially restoring investor confidence.
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