other_material
confidence high
sentiment neutral
materiality 0.65
FibroGen to effect 1-for-25 reverse stock split to regain Nasdaq compliance
KYNTRA BIO, INC.
- Reverse split effective 5:00 p.m. ET June 16, 2025; post-split trading begins June 17.
- Outstanding shares reduced from ~101.1M to ~4.0M; new CUSIP 31572Q881.
- No fractional shares issued; cash paid in lieu of fractional interests.
- Split approved by stockholders at June 4, 2025 annual meeting.
- Aims to meet Nasdaq minimum bid price requirement (Rule 5450(a)(1)).
item 3.03item 5.03item 9.01