Athenex implements 1-for-20 reverse stock split to regain Nasdaq compliance

Athenex, Inc.

Reverse split effective Feb 15, 2023 at 12:01 a.m. ET at a 1-for-20 ratio.
Authorized shares reduced from 500M to 25M proportionally.
Objective: regain compliance with Nasdaq $1.00 minimum bid price by March 14, 2023.
Common stock continues trading under symbol ATNX; fractional shares rounded up.
Outstanding options, warrants, and equity awards adjusted proportionately.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.95

Athenex, Inc.: Filed a Certificate of Amendment to the Amended and Restated Certificate of Incorporation to implement a 1-for-20 reverse stock split and reduce authorized shares from 500,000,000 to 25,000,000, effective February 15, 2023 (effective 2023-02-15).

Change: charter amendment
Effective: 2023-02-15

Exact text from the filing

On February 13, 2023, Athenex, Inc. (the “Company”) filed a Certificate of Amendment (the “Amendment”) to the Company’s Amended and Restated Certificate of Incorporation, with the Delaware Secretary of State to implement a reverse stock split of the Company’s issued shares of common stock at a ratio of 1-for-20, effective at 12:01 a.m. Eastern Time on February 15, 2023 (the “Reverse Stock Split”), previously approved by the Company’s Board of Directors.

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Source: SEC EDGAR

accession 0001193125-23-037334

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