other material
confidence high
sentiment neutral
materiality 0.60
Organovo implements 1-for-12 reverse stock split to regain Nasdaq minimum bid price compliance
VivoSim Labs, INC.
- Reverse stock split at ratio 1-for-12, effective March 20, 2025, to combine every 12 shares into 1.
- Trading on Nasdaq Capital Market on split-adjusted basis begins March 21, 2025 under ticker ONVO.
- No fractional shares issued; cash paid in lieu based on March 19 closing price of common stock.
- Board approved reverse split ratio on March 6, 2025 after shareholder authorization granted November 20, 2024.
- Reverse split intended to cure Nasdaq minimum bid price deficiency for continued listing.