other material
confidence high
sentiment neutral
materiality 0.65
X4 Pharmaceuticals announces 1-for-30 reverse stock split effective April 28 to regain Nasdaq bid price compliance
X4 Pharmaceuticals, Inc
- Reverse stock split at 1-for-30 ratio effective 12:01 a.m. ET on April 28, 2025; shares trade split-adjusted under XFOR.
- Outstanding shares reduced from ~173.6M to ~5.8M; no fractional shares issued, cash in lieu.
- Split intended to cure Nasdaq minimum bid price deficiency; company received extension to August 11, 2025.
- Proportional adjustments made to equity awards, options, and warrants; CUSIP changes to 98420X202.