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