other_material
confidence high
sentiment neutral
materiality 0.50
Passage Bio announces 1-for-20 reverse stock split effective July 14, 2025
Passage BIO, Inc.
- Reverse split ratio 1-for-20; effective 12:01 a.m. ET on July 14, 2025.
- Pre-split shares ~62.4M; post-split ~3.12M shares outstanding.
- Action intended to regain Nasdaq minimum $1.00 bid price compliance.
- No fractional shares; holders of fractional shares receive rounded-up whole share.
- No change to authorized shares (125M), par value ($0.0001), or voting rights.
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