other_material
confidence high
sentiment neutral
materiality 0.65
Mersana Therapeutics to effect 1-for-25 reverse stock split to regain Nasdaq compliance
Mersana Therapeutics, Inc.
- Reverse stock split ratio set at 1-for-25; effective July 25, 2025 at 5:00 p.m. ET.
- No fractional shares issued; stockholders receive cash in lieu of fractional shares.
- Common stock begins trading on split-adjusted basis July 28, 2025 under ticker MRSN.
- Authorized shares unchanged; proportionate adjustments made to equity awards and plans.
- Split intended to bring company into compliance with Nasdaq minimum bid price requirement.
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