other material
confidence high
sentiment neutral
materiality 0.75
CERo Therapeutics to effect 1-for-100 reverse stock split to cure Nasdaq bid price deficiency
CERO THERAPEUTICS HOLDINGS, INC.
- Reverse stock split at 1-for-100 ratio effective Jan 8, 2025; reduces outstanding shares from ~260M to ~2.6M.
- Company received Nasdaq delisting notice on Oct 24, 2024 after bid price ≤$0.10 for ten consecutive days.
- Company presented compliance plan to Nasdaq on Dec 17, 2024; believes reverse split will cure deficiency.
- No fractional shares issued; stockholders entitled to fractional shares will round up to whole share.