regulatory
confidence high
sentiment neutral
materiality 0.65
Protagenic Therapeutics approves 1-for-14 reverse stock split effective May 5, 2025
Protagenic Therapeutics, Inc.new
- Reverse stock split at 1-for-14 ratio, effective 12:01 a.m. ET on May 5, 2025.
- Intended to bring PTIX into compliance with Nasdaq minimum bid price rule 5550(a)(2).
- Share count to drop from ~8.24M to ~588,750; fractional shares rounded up.
- Stockholders approved split on April 18, 2025 with ratio range 1:10 to 1:20; board set at 1:14.
- Symbol PTIX unchanged; new CUSIP 74365N301; no change in authorized shares.