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Galecto to Implement 1-for-25 Reverse Stock Split
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Galecto to Implement 1-for-25 Reverse Stock Split
Aug 29, 2024 9:28 AM

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 ( GLTO ) said its stock will begin trading on a split-adjusted basis on Friday.

Galecto ( GLTO ) shares were more than 4% lower in recent trading.

Price: 0.53, Change: -0.03, Percent Change: -4.74

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