other material
confidence high
sentiment neutral
materiality 0.50
Enzon announces 1-for-100 reverse stock split effective March 24, 2026; pending merger with Viskase
Viskase Holdings, Inc.
- Reverse stock split effective 4:30 pm ET March 24; OTCQB trading starts March 25 under symbol ENZND for 20 days.
- Every 100 shares combined into 1; fractional shares paid in cash; par value unchanged.
- Split required to reserve authorized shares for closing merger with Viskase Companies, Inc.
- Exchange offer for Series C Preferred expires 5:00 pm ET March 24; merger closing expected soon after.
- Eleventh Amendment extends Section 382 Rights Agreement expiration to noon March 26, 2026 (minor procedural).