TNXP - What's Going On With Tonix Pharmaceuticals (TNXP) Stock? | Benzinga

Tonix Pharmaceuticals Holding Corp (NASDAQ:TNXP) shares are trading lower by 29% to $2.36 during Monday’s session after the company effected a 1-for-32 reverse stock split of its common stock. The company says this move aimed to raise the per-share trading price to meet NASDAQ’s $1.00 minimum bid price requirement.

The reverse split will consolidate every thirty-two pre-split shares into one share and apply to all common stock, including those from warrants and stock options. The number of authorized shares will remain unchanged.

Also, the company announced that it ...

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