other_material
confidence high
sentiment neutral
materiality 0.60
Applied DNA announces 1-for-15 reverse stock split effective June 2, 2025
BNB PLUS CORP.
- Reverse stock split ratio set at 1-for-15; effective 12:01 a.m. ET on June 2, 2025.
- Outstanding shares reduce from ~7.8M to ~519K; fractional shares rounded up to nearest whole.
- Stock continues trading on Nasdaq under ticker APDN with new CUSIP 03815U607.
- Split intended to bring company into compliance with Nasdaq $1.00 minimum bid price requirement.
- Board approved ratio on May 27, 2025; stockholder authorization obtained at May 22 annual meeting.
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