other material
confidence high
sentiment neutral
materiality 0.60
vTv Therapeutics executes 1-for-40 reverse stock split to regain Nasdaq $1.00 minimum bid compliance
vTv Therapeutics Inc.
- Reverse split at 1-for-40 ratio became effective at 4:01 p.m. ET on November 20, 2023.
- Purpose is to regain compliance with Nasdaq's $1.00 minimum closing price for continued listing.
- Fractional shares resulting from the split are rounded up to the nearest whole share.
- Percentage ownership unchanged for each stockholder except for fractional share adjustments.
- Class A common stock continues trading under symbol VTVT with new CUSIP 91835204.