Longeveron announces 1-for-10 reverse stock split to regain Nasdaq compliance

Longeveron Inc.

Outstanding Class A shares reduced from ~10.3M to ~1.03M; Class B from ~14.8M to ~1.48M.
New CUSIP 54303L203; stock trades on Nasdaq as LGVN starting March 27 on split-adjusted basis.
No fractional shares; all fractional interests rounded up to nearest whole share.
Reverse split intended to increase share price to regain Nasdaq minimum bid compliance.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Longeveron Inc.: Filed a certificate of amendment to the Certificate of Incorporation to effect a 1-for-10 reverse stock split, effective March 26, 2024 (effective 2024-03-26).

Change: charter amendment
Effective: 2024-03-26

Exact text from the filing

the Company filed a certificate of amendment to the Certificate of Incorporation (the “Amendment”) with the Secretary of State of the State of Delaware to effect the reverse stock split, with an effective time of 11:59 p.m., Eastern Time on March 26, 2024.

View on SEC.gov

247 governance changes filed in the last 30 days. Browse all governance changes →

Longeveron Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-024003

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.