other material
confidence high
sentiment negative
materiality 0.55
Aligos Therapeutics effects 1-for-25 reverse stock split to meet Nasdaq listing requirement
Aligos Therapeutics, Inc.
- Reverse split at 1-for-25 effective 12:01 a.m. ET on August 19, 2024; trading symbol ALGS unchanged.
- Split intended to bring company into compliance with Nasdaq minimum bid price for continued listing.
- Every 25 pre-split shares reclassified into one new share; par value unchanged at $0.0001.
- No fractional shares issued; holders entitled to cash payment based on August 16, 2024 closing price.
- Board approved split on July 24, 2024; final ratio set by Reverse Split Committee on August 6, 2024.