Axcella Health completes 1-for-25 reverse stock split effective Sept 18, 2023

Axcella Health Inc.

Stockholders approved reverse split at 1-for-25 ratio at Sept 11 annual meeting; board approved same day.
Effective at 5:00 pm ET Sept 18, every 25 pre-split shares automatically combined into one post-split share.
No fractional shares issued; holders receive cash equal to fraction multiplied by Sept 18 closing price.
Split-adjusted trading begins Sept 19 under existing symbol 'AXLA'; new CUSIP number 05454B204.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Axcella Health Inc.: Filed Certificate of Amendment to effect a 1-for-25 reverse stock split of common stock (effective 2023-09-18).

Change: charter amendment
Effective: 2023-09-18

Exact text from the filing

On September 18, 2023, Axcella Health Inc. (the “Company”) filed an amendment (the “Certificate of Amendment”) to its Restated Certificate of Incorporation to effectuate a reverse stock split of the Company’s issued and outstanding shares of common stock, par value of $0.001 per share (the “Common Stock”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001104659-23-101615

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