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home / news releases / ACST - Acasti Pharma announces 1-for-6 reverse stock split

ACST - Acasti Pharma announces 1-for-6 reverse stock split

Acasti Pharma Inc.

2023-07-07 08:37:25 ET

  • Canadian biopharma company Acasti Pharma ( NASDAQ: ACST ) said on Friday that it will effect a 1-for-6 reverse stock split to increase the company's per share market price and regain compliance with Nasdaq's minimum per share bid price requirement.

  • The shares will begin trading on a reverse stock split-adjusted basis on July 10, 2023, at 12:01 a.m. ET.

  • The reverse stock split will reduce the company's number of issued and outstanding shares to ~7.4 million from ~44.6 million.

  • ACST shares were trading -7.47% pre-market on Friday.

For further details see:

Acasti Pharma announces 1-for-6 reverse stock split
Stock Information
Company Name: Acasti Pharma Inc.
Stock Symbol: ACST
Market: NASDAQ
Website: acastipharma.com
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