other material
confidence high
sentiment neutral
materiality 0.55
Citius Pharmaceuticals effects 1-for-25 reverse stock split to regain Nasdaq bid price compliance
Citius Pharmaceuticals, Inc.
- Reverse split at 1-for-25 ratio effective Nov 25, 2024; split-adjusted trading begins Nov 26.
- Authorized shares reduced from 400M to 16M; issued shares from ~193M to ~7.7M.
- No fractional shares issued; fractional interests rounded up to nearest whole share.
- Intended to regain compliance with Nasdaq minimum $1.00 bid price requirement.
- Trading symbol remains CTXR; new CUSIP 17322U306.