other
confidence high
sentiment neutral
materiality 0.60
Abpro announces 1-for-30 reverse stock split effective Oct 31, 2025; trading begins Nov 3
Abpro Holdings, Inc.
- Reverse stock split effective 5:01 p.m. ET Oct 31; stock trades split-adjusted from Nov 3 under ticker ABP.
- Outstanding shares reduced from ~81.2M to ~2.7M; fractional shares rounded up to next whole share.
- Company achieved ~60% reduction in operating costs versus same period 2024 through cost optimization.
- Celltrion partnership funds ABP-102 development; first-in-human trial expected in 2026.
- Reverse split intended to maintain Nasdaq listing and position for next growth phase.