- Aditxt (ADTX) will effect a 1-for-27 reverse split of its common stock, the company said on Thursday.
- With the opening of trading on May 18, the company’s common stock will trade on a post-split basis under the same symbol ADTX.
- After the reverse stock split becomes effective, the Company will have ~510,123 shares of common stock issued and outstanding, down from 13.77M earlier.
- The reverse stock split is primarily intended to bring the company into compliance with Nasdaq’s minimum bid price requirement.
- ADTX -29.93% to $0.06 premarket.
- Source: Press Release
