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Acorda Therapeutics ( NASDAQ: ACOR ) said on Wednesday it will undertake a reverse stock split of its outstanding and authorized shares of common stock at a ratio of 1-for-20.
The reverse stock split will become effective at 4:01 p.m. Eastern Time on June 2, 2023.
The company’s common stock will begin trading on a post-split basis at the market open on June 5, 2023.