Synaptogenix effects 1-for-25 reverse stock split to regain Nasdaq minimum bid price compliance

TAO Synergies Inc.

Reverse split effective 5pm ET April 4, 2024; shares trade split-adjusted on April 5 under SNPX.
Every 25 pre-split shares converted into 1; no fractional shares; cash in lieu at closing price.
Shares outstanding reduced from ~27.1M to ~1.08M, subject to fractional adjustment.
Proportional adjustments to equity awards, convertible preferred, and warrants.
New CUSIP 87167T300; action needed for physical certificate holders only.

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

TAO Synergies Inc.: Filed Certificate of Amendment to effect a 1-for-25 reverse stock split of common stock, effective 5:00 p.m. Eastern Time on April 4, 2024 (effective 2024-04-04).

Change: charter amendment
Effective: 2024-04-04

Exact text from the filing

On April 4, 2024, the Company filed with the Secretary of State of the State of Delaware the Certificate of Amendment to effect a one-time reverse stock split of the Company’s common stock, at a ratio of 1-for-25 (the “Reverse Stock Split”).

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TAO Synergies Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-043683

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