Azitra announces 1-for-10 reverse stock split
- Biopharmaceutical company Azitra (AZTR) on Friday announced a 1-for-10 reverse stock split of its common stock.
- The reverse stock split will reduce the number of issued shares from 60,603,742 to about 6,060,374.
- Proportional adjustments will be made to the number of shares of the company's common stock issuable upon exercise or conversion of the company's equity awards and warrants, as well as the applicable exercise price, the company stated.
- The reverse stock split will become effective on October 26, 2026, following which the shares will continue to trade on the NYSE under the symbol "AZTR".
- No fractional shares of common stock will be issued in connection with the reverse split, the company noted.
- Source: Press Release
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