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confidence high
sentiment neutral
materiality 0.80
Verrica Pharmaceuticals Announces 1-for-10 Reverse Stock Split Effective July 24, 2025
Verrica Pharmaceuticals Inc.
- Verrica Pharmaceuticals (VRCA) filed a Certificate of Amendment to effect a 1-for-10 reverse stock split, authorized by stockholders on June 5, 2025.
- The reverse stock split becomes effective at 5:00 p.m. ET on July 24, 2025; trading on Nasdaq on a split-adjusted basis begins July 25, 2025.
- Outstanding shares will be reduced from approximately 92.5 million to about 9.25 million, with no fractional shares issued; cash paid in lieu.
- Proportionate adjustments will be made to exercise price and number of shares issuable under stock options, warrants, and equity plans.
- The new CUSIP number for VRCA common stock post-split is 92511W207.
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