other material
confidence high
sentiment neutral
materiality 0.50
Allurion to effect 1-for-25 reverse stock split on Jan 3, 2025 to cure NYSE bid price deficiency
ALLURION TECHNOLOGIES, INC.
- Outstanding shares reduced from ~67.78M to ~2.71M; effective 12:01 a.m. ET Jan 3, 2025.
- CUSIP number changes to 02008G 201; trading symbol ALUR remains unchanged.
- Each public warrant (ALUR WS) becomes exercisable for 0.056818 shares at $202.50 per share.
- Company received NYSE deficiency letter on Aug 12, 2024 due to bid price below $1.00 for 30 days.
- No fractional shares issued; fractional holders automatically rounded up to next whole share.