other_material
confidence high
sentiment neutral
materiality 0.75
Indaptus Therapeutics implements 1-for-28 reverse stock split effective June 26, 2025
Indaptus Therapeutics, Inc.
- Reverse stock split at ratio of 1-for-28 effective after market close on June 26, 2025.
- Trading on split-adjusted basis begins June 27, 2025; new CUSIP 45339J 204.
- Purpose is to regain Nasdaq continued listing compliance and attract institutional investors.
- Outstanding shares reduced from ~16 million to ~572 thousand; no change in authorized shares.
- Proportionate adjustments made to options, warrants; fractional shares paid in cash.
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