Aptose Announces Reverse Share Split
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Aptose Biosciences Inc. announced a reverse share split to consolidate its common shares on a 1-for-30 basis. This move aims to restore compliance with Nasdaq's minimum bid price requirement and maintain access to a broad investor base.
February 18, 2025 | 9:45 pm
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Aptose Biosciences is implementing a 1-for-30 reverse share split to comply with Nasdaq's minimum bid price rule, potentially stabilizing its stock price and maintaining investor access.
The reverse share split is a strategic move to meet Nasdaq's listing requirements, which could prevent delisting and stabilize the stock price. This action is crucial for maintaining investor confidence and access to capital markets.
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