- Trevena ( NASDAQ: TRVN ) slid 18% after the bell on Wednesday as the firm said it will implement a 1-for-25 reverse stock split .
- The reverse split will be effective at 5.01 pm ET on Nov. 9.
- Trevena's ( TRVN ) stock will begin trading on a split-adjusted basis when markets open on Thursday, Nov. 10.
- The reverse stock split is aimed at bringing Trevena ( TRVN ) back in compliance with the minimum bid price required for continued listing on Nasdaq Capital Market.
- The company had reported Q3 results earlier in the day, sending its shares down 31% .
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Trevena slides 18% after the bell on 1-for-25 reverse stock split