other material
confidence high
sentiment neutral
materiality 0.40
BioNexus Gene Lab Corp. effects 1-for-10 reverse stock split effective April 7, 2025
BioNexus Gene Lab Corp
- 1-for-10 reverse split effective 12:01 a.m. ET April 7, 2025; shares reduced from 17,967,663 to 1,796,597.
- No fractional shares issued; cash payment based on 10-day VWAP prior to effective date (corrects prior cash payment price).
- Reverse split aims to regain compliance with Nasdaq Minimum Bid Price Rule by May 1, 2025.