other material
confidence high
sentiment neutral
materiality 0.50
Salarius Pharmaceuticals effects 1-for-8 reverse stock split to regain Nasdaq compliance
Decoy Therapeutics Inc.
- Reverse split effective 5:00 p.m. ET on June 14, 2024; trading on split-adjusted basis begins June 17.
- Shares outstanding reduced from ~4.7 million to ~0.6 million; new CUSIP 79400X404.
- Fractional shares paid in cash based on closing price on effective date; ticker SLRX unchanged.
- Split intended to meet Nasdaq $1.00 minimum bid price requirement; stockholders had approved ratio range 1:4 to 1:8.
- Authorized shares and par value unaffected; options and warrants adjusted proportionally.