other material
confidence high
sentiment neutral
materiality 0.60
Leap Therapeutics effecting 10-for-1 reverse stock split to regain Nasdaq compliance
CYPHERPUNK TECHNOLOGIES INC.
- Reverse stock split ratio of 10-for-1, effective 5PM ET on June 20, 2023.
- Common stock to trade on split-adjusted basis under "LPTX" on Nasdaq starting June 21, 2023.
- Split approved by stockholders on June 16, 2023; board set final ratio.
- Purpose: increase per-share price to meet Nasdaq minimum bid requirement and facilitate Series X preferred conversion.
- No fractional shares issued; cash paid in lieu; all equity awards and warrants adjusted.