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Avalon GloboCare Launching 1-for-15 Reverse Stock Split to Regain Compliance With Nasdaq Rule
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Avalon GloboCare Launching 1-for-15 Reverse Stock Split to Regain Compliance With Nasdaq Rule
Nov 3, 2024 3:33 AM

10:58 AM EDT, 10/24/2024 (MT Newswires) -- Avalon GloboCare ( ALBT ) said Thursday it will implement a 1-for-15 reverse stock split in an effort to regain compliance with Nasdaq's $1 minimum bid price rule.

The shares will start trading on the split-adjusted basis when the market opens on Oct. 28, Avalon said.

Avalon shares were 5% higher in recent trading.

Price: 0.24, Change: +0.04, Percent Change: +17.69

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