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Athenex ( NASDAQ: ATNX ) on Tuesday said it will effect a 1-for-20 reverse stock split of its issued common stock.
Beginning February 15, 2023, the company's common stock will trade on a split-adjusted basis.
Athenex's board implemented the reverse stock split with the objective of regaining compliance with the $1.00 minimum bid price requirement of The Nasdaq Global Select Market.