10:43 AM EDT, 04/03/2024 (MT Newswires) -- Synaptogenix ( SNPX ) said Wednesday it plans to effect a 1-for-25 reverse split of its common shares to increase the stock's trading price to help the company regain compliance with the Nasdaq Capital Market's minimum bid price requirement for continued listing.

The company expects its shares to start trading on a split-adjusted basis Friday.

Synaptogenix ( SNPX ) shares were down more than 10% in recent Wednesday trading.

Price: 0.17, Change: -0.02, Percent Change: -10.02