other material
confidence high
sentiment neutral
materiality 0.60
SenesTech effects 1-for-20 reverse stock split; shares reduce to ~610,648
SenesTech, Inc.
- Reverse stock split ratio of 1:20 approved by board; effective 11:59 p.m. ET on Nov 15, 2022.
- Outstanding shares reduced from 12,212,950 to approximately 610,648.
- Common stock to trade on Nasdaq under symbol SNES on split-adjusted basis from Nov 16.
- Fractional shares rounded up for direct holders; down for equity awards under 2018 plan.
- New CUSIP number 81720R 406 assigned to post-split common stock.