other material
confidence high
sentiment negative
materiality 0.55
BioXcel Therapeutics effectuates 1-for-16 reverse stock split effective Feb 7, 2025
BioXcel Therapeutics, Inc.
- Board approved 1-for-16 reverse split on Jan 29; stockholders approved at Jan 28 special meeting.
- Every 16 shares of common stock reclassified into 1 share; no fractional shares, cash paid for fractions.
- Split-adjusted trading begins Feb 10 under existing symbol BTAI; new CUSIP 09075P204.
- Proportional adjustments to equity plans, stock options, warrants, and other convertible securities.
- Reverse split does not affect authorized shares or par value; shares remain fully paid and non-assessable.