other material
confidence high
sentiment neutral
materiality 0.60
Quoin to effect 1-for-60,000 reverse stock split on Nov 8; ADS ratio changes to 1:1
Quoin Pharmaceuticals, Ltd.
- Reverse split of ordinary shares at 1-for-60,000 ratio effective November 8, 2023.
- Authorized ordinary share capital reduced from 6 trillion to 100 million shares.
- Each ADS will represent one ordinary share post-split (previously 60,000 ordinary shares).
- Shareholders approved three-year frequency for say-on-pay; board adopted that cycle.