other material
confidence high
sentiment neutral
materiality 0.70
CNS Pharmaceuticals announces 1-for-50 reverse stock split effective Feb 21, 2025
CNS Pharmaceuticals, Inc.
- Reverse stock split at 1-for-50 ratio effective Feb 21, 2025; shares outstanding reduced from ~136.93M to ~2.74M.
- Split intended to increase per-share price to meet Nasdaq minimum bid price listing requirement.
- No fractional shares; stockholders receive cash in lieu of fractional shares based on closing price on effective date.
- Trading symbol remains "CNSP"; new CUSIP 18978H409; par value unchanged at $0.001.