other material
confidence high
sentiment negative
materiality 0.65
60 Degrees Pharmaceuticals effects 1:12 reverse stock split to regain Nasdaq compliance
60 DEGREES PHARMACEUTICALS, INC.
- Reverse stock split at 1-for-12 ratio effective August 12, 2024; new CUSIP 83006G203.
- Split aims to bring stock price above Nasdaq's $1.00 minimum bid requirement.
- Stockholders approved reverse split range on July 16; Board set exact ratio on July 19.
- No fractional shares issued; all fractional amounts rounded up to one whole share.
- Common stock symbol SXTP unchanged; warrants symbol SXTPW unchanged.