Spruce Biosciences to effect 1-for-75 reverse stock split on Aug 4 to regain Nasdaq compliance

SPRUCE BIOSCIENCES, INC.

Reverse stock split effective 5:00 p.m. ET on August 4, 2025; shares trade split-adjusted on OTC Pink on August 5.
Outstanding shares reduce from ~42.2M to ~0.6M; no fractional shares issued, cash payments in lieu.
Stock will return to Nasdaq Capital Market if minimum bid price is met for 20 consecutive trading days after effective date.
Stockholders approved reverse split at annual meeting on July 22; board set ratio at 1:75.

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