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materiality 0.70
TherapeuticsMD announces 1-for-50 reverse stock split to regain Nasdaq bid price compliance
TherapeuticsMD, Inc.
- Board approves 1-for-50 reverse stock split to cure Nasdaq minimum bid price non-compliance.
- Effective May 6, 2022 at 5:00 p.m. ET; post-split trading on Nasdaq under "TXMD" begins May 9, 2022.
- No stockholder vote required; fractional shares rounded up to nearest whole share.
- Nasdaq granted extension to June 1, 2022 to regain compliance with $1.00 bid price.
- Authorized shares reduced from 600 million to 12 million; authorized reduction matches split.