other material
confidence high
sentiment neutral
materiality 0.80
ProMIS Neurosciences Announces 1-for-25 Reverse Stock Split Effective November 28, 2025
ProMIS Neurosciences Inc.
- Reverse stock split at ratio 1:25 approved by board on Nov 17, 2025, effective Nov 28, 2025.
- Outstanding shares will reduce from approximately 53.8 million to approximately 2.15 million.
- Nasdaq deficiency notice received Jan 8, 2025 for bid price below $1.00; reverse split aims to cure compliance.
- Proportional adjustments to equity incentive plans, stock options, and warrants.
- No fractional shares issued; stockholders receive cash in lieu of fractional shares.