other_material
confidence high
sentiment negative
materiality 0.75
Sutro Biopharma announces 1-for-10 reverse stock split effective Dec 3 to regain Nasdaq compliance
SUTRO BIOPHARMA, INC.
- Reverse stock split at 1-for-10, effective 12:01 a.m. ET on December 3, 2025.
- Outstanding shares reduced from ~85.2M to ~8.52M; symbol STRO unchanged, new CUSIP 869367201.
- Intended to regain Nasdaq minimum bid price compliance; approved by stockholders on June 6, 2025.
- No fractional shares issued; any fractional interest rounded up to nearest whole share.
- Proportionate adjustments to equity awards, exercise prices, and shares reserved under equity plans.
item 3.03item 5.03item 8.01item 9.01