06:08 AM EDT, 03/20/2024 (MT Newswires) -- Longeveron ( LGVN ) said late Tuesday that its board has approved a 1-for-10 reverse split of its Class A and Class B common stock.

The split, which will go into effect one minute before the end of March 26, will allow Longeveron ( LGVN ) to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market, the company said.

The company's Class A common stock will trade on a split-adjusted basis on March 27 under the current ticker symbol "LGVN."