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News  ›  GlobeNewswire Inc.

ProMIS Neurosciences Announces Reverse Stock Split

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Promis Neurosciences Inc.
ProMIS Neurosciences Announces Reverse Stock Split

ProMIS Neurosciences is implementing a one-for-twenty-five reverse stock split to address Nasdaq listing requirements and potentially increase its stock price, reducing outstanding shares from approximately 53.8 million to 2.15 million.

Insights
NVDA   negative

Stock dropped 3% after CEO warned about potential AI competition with China


PMN   neutral

The company is taking proactive steps to maintain its Nasdaq listing by implementing a reverse stock split, which suggests financial challenges but also strategic management to address potential delisting risks