other material
confidence high
sentiment negative
materiality 0.75
Liminatus Pharma announces 1-for-50 reverse stock split to regain Nasdaq bid price compliance
Liminatus Pharma, Inc.
- Board approved 1-for-50 reverse stock split; effective at close of trading Aug 20, 2026; split-adjusted trading on Nasdaq Capital Market Aug 21, 2026 under LIMN.
- Outstanding shares would drop from 67,160,362 to ~1,343,208 (as of July 2, 2026); fractional shares rounded up; CUSIP changes to 53271X 207.
- Nasdaq Panel granted transfer to Capital Market effective Aug 4, 2026; must show $1.00 closing bid for 10 consecutive days by Sept 3, 2026 to regain compliance.
- Company had been non-compliant with MVLS, MVPHS, and bid price rules; regained compliance with stockholders' equity and MVPHS requirements.