M&A
confidence high
sentiment neutral
materiality 0.80
Graphite Bio stockholders approve 1:7 reverse split, name change to LENZ; effective March 21, trading as LENZ March 22
LENZ Therapeutics, Inc.
- Stockholders approved 1-for-7 reverse stock split and name change to 'LENZ Therapeutics, Inc.' at March 14 special meeting.
- Reverse split and name change effective 4:01 p.m. ET March 21, 2024; no fractional shares, cash paid in lieu.
- Common stock trades on split-adjusted basis under ticker 'LENZ' from March 22, 2024; new CUSIP 52635N103.
- Proportional adjustments made to outstanding equity awards and shares reserved under stock plans.
- Actions taken in connection with pending merger with LENZ Therapeutics; merger closing expected thereafter.