other_material
confidence high
sentiment neutral
materiality 0.50
Cellectar Biosciences announces 1-for-30 reverse stock split; effective June 24, 2025
Cellectar Biosciences, Inc.
- Approved by stockholders at June 13, 2025 annual meeting; board set final ratio as 1-for-30.
- Reduces outstanding shares from ~54.4M to ~1.8M; effective at 12:01 a.m. ET on June 24.
- Fractional shareholders will receive cash in lieu; authorized shares and par value unchanged.
- Ticker remains CLRB on Nasdaq; new CUSIP number 15117F880 begins June 24.
- Outstanding options, warrants, and preferred stock conversion ratios adjust proportionately.
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