11:02 AM EDT, 04/04/2024 (MT Newswires) -- Allarity Therapeutics ( ALLR ) said Thursday it plans to implement a 1-for-20 reverse split of its common shares to regain compliance with Nasdaq's minimum bid price requirement.

The company expects its shares to start trading on a split-adjusted basis Tuesday.

Allarity Therapeutics ( ALLR ) shares were up 2.4% in recent Thursday trading.

Price: 0.24, Change: +0.01, Percent Change: +2.43