other material
confidence high
sentiment negative
materiality 0.60
Solid Biosciences effects 1-for-15 reverse stock split, reduces authorized shares to 60M
Solid Biosciences Inc.
- 1-for-15 reverse stock split effective Oct. 27, 2022; trading on split-adjusted basis begins Oct. 28.
- Authorized common shares reduced from 300M to 60M (20M post-split then tripled per certificate amendment).
- Stockholders approved the amendment at the June 7, 2022 annual meeting; no fractional shares, cash in lieu.
- Outstanding options, warrants, and RSUs adjusted proportionally per their terms.