Cingulate approves 1-for-12 reverse stock split to meet Nasdaq bid price requirement

Cingulate Inc.

Nasdaq panel granted bid price exception through Aug 23, 2024, requiring reverse split by Aug 9 and $1 close for 10 days.
Company filed 1-for-12 reverse stock split effective Aug 9, 2024; par value unchanged, authorized shares unchanged.
Reverse split converts every 12 shares into 1; fractional shares rounded up; CUSIP changes to 17248W303.
Stockholders approved reverse split ratio range 1:2 to 1:15 on July 30; Board chose 1:12.
Company had been under discretionary panel monitor through May 2025; delisting notice received June 17, 2024.

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