other material
confidence high
sentiment neutral
materiality 0.70
Lyra Therapeutics approves 1-for-50 reverse stock split, effective May 27
Lyra Therapeutics, Inc.
- Stockholders approved reverse-split authority at 1-for-10 to 1-for-50 range; Board set final ratio at 1-for-50.
- Reverse split effective 5:00 p.m. ET May 27, 2025; split-adjusted trading starts May 28 under symbol LYRA.
- No fractional shares issued; holders receive cash payment based on May 27 closing price.
- CUSIP changes to 55234L204 after split.