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Galecto to Implement 1-for-25 Reverse Stock Split
2024-08-28 22:03
10:03 AM EDT, 08/28/2024 (MT Newswires) -- Galecto (GLTO) said Wednesday that it will implement a 1-for-25 reverse stock split, effective after the close of trading on Thursday.
The biotech firm said the reverse split is intended to bring it into compliance with Nasdaq's minimum bid price listing requirement.
Galecto said its stock will begin trading on a split-adjusted basis on Friday.
Galecto shares were more than 4% lower in recent trading.
Price: 0.53, Change: -0.03, Percent Change: -4.74
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