10:05 AM EST, 12/26/2024 (MT Newswires) -- OptiNose ( OPTN ) said Thursday it will implement a 1-for-15 reverse stock split, effective Monday.

The company said its common stock will start trading on Nasdaq on a split-adjusted basis on Tuesday.

The reverse split is intended to enable the company to regain compliance with Nasdaq's $1 minimum closing bid price rule for continued listing on the exchange, OptiNose ( OPTN ) said.

OptiNose ( OPTN ) shares were down 2.5% in recent Thursday trading.

Price: 0.37, Change: -0.01, Percent Change: -2.76