SQZ - SQZ Biotechnologies to effect 1-for-10 reverse stock split

2023-06-16 06:51:38 ET

• SQZ Biotechnologies ( NYSE: SQZ ) has approved a 1-for-10 reverse stock split of its common stock, effective on July 6, after market close.
• On the effective date, every 10 common shares issued and outstanding will be automatically combined into one share of common stock.
• The company ahs received notice from NYSE over not being compliant as average global market capitalization over a consecutive 30 day trading day period was less than $50 million and, at the same time, its last reported stockholders’ equity was less than $50 million.
• Source: Press Release

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