other material
confidence high
sentiment neutral
materiality 0.50
Homology Medicines approves 1-for-18 reverse stock split effective March 25 in connection with Q32 merger
Q32 Bio Inc.
- Board approved reverse stock split at 1-for-18 ratio; every 18 shares combine into one.
- Reverse split effective at market open on March 25, 2024; Certificate of Amendment filed March 22.
- No fractional shares issued; stockholders receive cash in lieu based on March 22 closing price.
- Reverse split is a condition to closing of the merger with Q32 Bio Inc.
- Post-split common stock trades under new CUSIP 746964105.