other material
confidence high
sentiment neutral
materiality 0.50
Minerva Neurosciences files for 1-for-8 reverse stock split effective June 17, 2022
Minerva Neurosciences, Inc.
- Stockholders approved reverse split at June 10, 2022 annual meeting; board set ratio at 1-for-8.
- Split effective 5:00 PM ET June 17; common stock begins trading split-adjusted on Nasdaq June 21.
- No fractional shares issued; cash paid in lieu. New CUSIP number is 603380 205.
- Proportionate adjustments made to all outstanding equity awards and shares reserved under equity plans.