RBOT - Why Vicarious Surgical (RBOT) Stock Is Falling | Benzinga

Vicarious Surgical Inc (NASDAQ:RBOT) shares are trading lower by 20% to $0.29 during Tuesday’s session after the company announced a 1-for-30 reverse stock split of its Class A and Class B common stock.

This decision, approved by shareholders at the annual meeting on June 10, is intended to increase the share price to meet the New York Stock Exchange’s minimum price requirement.

The reverse stock split will take effect at 4:15 p.m. on June 12, and the Class A common stock will begin trading on a split-adjusted basis on June 13, under the ticker symbol “RBOT”.

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