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Avenue Therapeutics在75投1的反向分拆中下跌9%

2024-04-24 19:58

  • Specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of neurologic diseases, Avenue Therapeutics (NASDAQ:ATXIwill effect a 1-for-75 reverse split of stock.
  • Avenue expects its common stock to begin trading on a split-adjusted basis on the Nasdaq as of the commencement of trading on April 26, 2024, under the ticker symbol “ATXI.”
  • The reverse stock split is intended to bring the company into compliance with Nasdaq’s $1.00 per share minimum bid price requirement for continued listing.
  • The stock price declined 9% on Wednesday during pre-market hours of trading.

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