BioXcel Therapeutics Announces Reverse Stock Split
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BioXcel Therapeutics, Inc. (Nasdaq: BTAI) announced a 1-for-16 reverse stock split effective February 7, 2025. Trading on a split-adjusted basis will begin on February 10, 2025.
February 06, 2025 | 12:15 pm
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BioXcel Therapeutics is implementing a 1-for-16 reverse stock split, effective February 7, 2025. This move is often used to increase the per-share price and maintain compliance with stock exchange listing requirements.
The reverse stock split will reduce the number of shares outstanding and increase the stock price proportionally. This is often done to meet minimum price requirements for stock exchange listings. The impact on the stock price is neutral in the short term as it does not affect the company's market capitalization.
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