ACRX - AcelRx announces 1-for-20 reverse stock split shares drop 15% aftermarket
- AcelRx Pharmaceuticals ( NASDAQ: ACRX ) dropped ~15% aftermarket as the firm will effect a 1-for-20 reverse stock split on Tuesday at 5.01 pm ET.
- The company's stock will begin trading on a split-adjusted basis when the market opens on Oct. 26.
- The reverse split is being effected for AcelRx ( ACRX ) to regain compliance with the minimum bid price rule for continued listing.
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AcelRx announces 1-for-20 reverse stock split, shares drop 15% aftermarket