other material
confidence high
sentiment neutral
materiality 0.60
Strata Skin Sciences announces 1-for-10 reverse stock split to regain Nasdaq compliance
STRATA Skin Sciences, Inc.
- Reverse split ratio 1-for-10 effective 11:59 p.m. ET June 6, 2024; trading begins June 7 under same symbol SSKN with new CUSIP 86272A 305.
- Split aimed at meeting Nasdaq's $1.00 minimum bid price requirement for continued listing.
- Shareholders approved a reverse split range (1-for-5 to 1-for-25) on October 26, 2023; announcement satisfies deadline to specify ratio by April 26, 2024.
- No fractional shares issued; holders of fractional shares will receive cash based on pre-split closing price.