- Allurion Technologies (ALUR) said it will implement a 1-for-15 reverse stock split effective June 18 as it seeks to regain compliance with exchange listing requirements.
- The company’s shares will trade under the temporary symbol “ALURD” on the OTCQB market for 20 trading days before reverting to “ALUR.”
- The reverse split will reduce Allurion’s outstanding shares to about 1M from roughly 15M, the company said.
