other
confidence high
sentiment negative
materiality 0.60
Imunon to effect 1-for-15 reverse stock split on July 25, 2025 to maintain Nasdaq listing
Imunon, Inc.
- Reverse split at 1-for-15 ratio effective 12:01 a.m. ET on July 25, 2025.
- Outstanding shares to drop from ~31.8M to ~2.1M; fractional shares rounded up.
- Split intended to comply with Nasdaq minimum bid price continued listing requirement.
- Stock to trade under existing ticker IMNN with new CUSIP 15117N701.
- Board set ratio on July 11, 2025; stockholders authorized range of 1-for-5 to 1-for-18.
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