other material
confidence high
sentiment neutral
materiality 0.60
Rigel Pharmaceuticals effects 1-for-10 reverse stock split effective June 27, 2024
RIGEL PHARMACEUTICALS INC
- Board approved 1-for-10 reverse split on June 15; effective June 27 at 12:01 a.m. ET.
- Common stock now trades under new CUSIP 766559702.
- No fractional shares issued; cash paid for fractions based on prior-day closing price.
- Stockholders authorized a split ratio range of 1:2 to 1:20 at May 24, 2024 annual meeting.
- Amendment to certificate of incorporation filed with Delaware Secretary of State.