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MBRX - Moleculin Biotech under pressure on reverse stock split
Moleculin Biotech Inc.
Moleculin Biotech (MBRX) traded 6.7% down premarket after announcing a 1:6 reverse stock split of its common stock, effective Jan.29 after market close.Post the reverse stock split, outstanding shares will be reduced from ~72M shares to ~12M shares while authorized shares will remain at 100M shares.