other material
confidence high
sentiment neutral
materiality 0.50
Organovo announces 1-for-12 reverse stock split effective March 20, 2025 to regain Nasdaq compliance
VivoSim Labs, INC.
- 1-for-12 reverse stock split effective 5:00 p.m. ET on March 20, 2025; adjusted trading begins March 21.
- Outstanding shares reduce from ~21.4M to ~1.8M; fractional shares paid in cash at March 19 closing price.
- Approved by shareholders on Nov 20, 2024; board selected 1-for-12 ratio on March 6, 2025.
- Intended to regain compliance with Nasdaq $1.00 minimum bid price for continued listing on Capital Market.