CNS Pharmaceuticals Announces Reverse Stock Split
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CNS Pharmaceuticals announced a 1-for-50 reverse stock split, effective February 21, 2025. The stock will continue trading on Nasdaq under the symbol CNSP with a new CUSIP number.
February 19, 2025 | 1:45 pm
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CNS Pharmaceuticals is implementing a 1-for-50 reverse stock split to potentially increase its stock price and maintain Nasdaq listing requirements.
The reverse stock split is a strategic move to increase the stock price by reducing the number of shares outstanding, which can help CNSP meet Nasdaq's minimum bid price requirement. However, reverse splits can sometimes be perceived negatively by investors, leading to neutral short-term impact.
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