other material
confidence high
sentiment neutral
materiality 0.70
Alpha Cognition approves 1:25 reverse stock split effective Nov 5, 2024 to meet Nasdaq minimum bid
Alpha Cognition Inc.
- Board approved 1-for-25 reverse split; authorized common shares reduced from ~150.9M to ~6.0M effective Nov 5, 2024.
- Reverse split intended to meet Nasdaq Capital Market minimum share price requirement; no shareholder approval was required.
- Fractional shares will be rounded to nearest whole share; no change to name or ticker symbol.
- CUSIP changed to 02074J501; Computershare acts as transfer agent for certificate exchanges.