other material
confidence high
sentiment neutral
materiality 0.70
AEON Biopharma approves 1-for-72 reverse stock split to maintain NYSE American listing
AEON Biopharma, Inc.
- Reverse split ratio of 1-for-72; effective 12:01 AM ET on February 26, 2025.
- Outstanding shares reduced from ~79.9 million to ~1.1 million; fractional shares rounded up.
- Authorized shares increased from 500 million to 1.04 billion at special meeting.
- Ticker 'AEON' unchanged; new CUSIP 00791X 209; votes: 32.6M for, 3.6M against.
- Purpose: increase share price to comply with NYSE American continued listing standards.