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confidence high
sentiment neutral
materiality 0.60
Vicarious Surgical announces 1-for-30 reverse stock split to comply with NYSE minimum share price
Vicarious Surgical Inc.
- Reverse split ratio set at 1-for-30, approved by shareholders at June 10, 2024 annual meeting.
- Effective 4:15 p.m. on June 12, 2024; shares to trade on NYSE post-split under RBOT starting June 13.
- Class A shares reduced from ~156.8M to ~5.23M; Class B from ~19.6M to ~654k. No fractional shares.
- Warrants adjusted: exercise price goes from $11.50 to $345.00 per share; shares issuable reduced proportionally.
- Purpose: to increase per-share price and regain compliance with NYSE minimum share price listing requirement.