other_material
confidence high
sentiment neutral
materiality 0.55
Acurx Pharmaceuticals announces 1-for-20 reverse stock split effective August 4, 2025 to regain Nasdaq compliance
Acurx Pharmaceuticals, Inc.
- Reverse split ratio 1-for-20; effective 4:01 p.m. ET on August 4, 2025.
- Post-split trading begins August 5, 2025 under ticker ACXP; new CUSIP 00510M 203.
- Outstanding shares reduced from ~30.8M to ~1.5M; authorized shares unchanged.
- Fractional shares paid in cash based on August 1, 2025 closing price.
- Split approved by stockholders at July 17, 2025 annual meeting; intended to regain Nasdaq minimum bid price compliance.
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