60 Degrees Pharmaceuticals, Inc. Announces 1:5 Reverse Stock Split
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60 Degrees Pharmaceuticals, Inc. (NASDAQ: SXTP) announced a 1-for-5 reverse stock split of its common stock, effective February 24, 2025. The stock will continue trading under the symbol SXTP on a split-adjusted basis.
February 20, 2025 | 3:45 pm
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60 Degrees Pharmaceuticals is implementing a 1-for-5 reverse stock split, which will reduce the number of shares outstanding and potentially increase the stock price per share. The split is effective February 24, 2025.
A reverse stock split reduces the number of shares outstanding, which can lead to an increase in the stock price per share. However, it does not change the company's market capitalization. The impact on the stock price is uncertain as it depends on market perception and trading volume post-split.
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