other_material
confidence high
sentiment neutral
materiality 0.70
Nektar Therapeutics announces 1-for-15 reverse stock split effective June 8
NEKTAR THERAPEUTICS
- Board approved 1-for-15 reverse stock split effective June 8, 2025 at 11:59 p.m. ET.
- Stockholders authorized reverse split ratio up to 1:40 at May 23 annual meeting; Board selected 1:15.
- Split-adjusted trading begins June 9 under symbol NKTR with new CUSIP 640268306.
- No fractional shares issued; rounding up for DTC participants, down for stock awards.
item 8.01