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home / news releases / mustang bio announces 15 for 1 reverse stock split

MBIO - Mustang Bio announces 15-for-1 reverse stock split

Mustang Bio Inc.

2023-04-03 14:05:38 ET

  • Mustang Bio ( NASDAQ: MBIO ) announced that it will effect a 15-for-1 reverse stock split of its issued and outstanding common stock.
  • The stock is expected to commence trading on split-adjusted basis on the Nasdaq Capital Market on Apr.4, 2023, after market opens.
  • The split is targeted to bring the company into compliance with Nasdaq's minimum bid price requirement for continued listing.
  • Post the reverse split is effective, the number of outstanding shares will be reduced from ~109.4M to ~7.3M.

For further details see:

Mustang Bio announces 15-for-1 reverse stock split
Stock Information
Company Name: Mustang Bio Inc.
Stock Symbol: MBIO
Market: NASDAQ
Website: mustangbio.com
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