other material
confidence high
sentiment neutral
materiality 0.60
Brainstorm Cell Therapeutics effects 1-for-15 reverse stock split to meet Nasdaq bid price requirement
BRAINSTORM CELL THERAPEUTICS INC.
- Reverse stock split at 1:15 ratio effective 11:59 p.m. ET on September 30, 2024.
- Trading on split-adjusted basis began October 1, 2024; new CUSIP 10501E300.
- Authorized shares unchanged at 250 million; fractional shares paid in cash based on closing price.
- Reverse split also applies to warrants, options, and RSUs with proportionate adjustments.
- Split intended to increase per share bid price above $1.00 to satisfy Nasdaq continued listing.