04:02 PM EDT, 07/18/2024 (MT Newswires) -- Benson Hill ( BHIL ) is planning a 1-for-35 reverse split of its common stock to take effect after Thursday's market close after the proposal was approved earlier in the day by shareholders at its annual meeting.

The crop genetics company said the reverse split is intended to help it regain compliance with the $1 minimum share price requirement by the New York Stock Exchange.

Benson Hill ( BHIL ) shares were down over 4%.

Price: 0.18, Change: -0.01, Percent Change: -4.41