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Sonnet BioTherapeutics Implements Reverse Stock Split

Por: RTTNews Health September 01, 2023

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Sonnet BioTherapeutics Holdings Inc. () will implement a 1-for-22 reverse stock split of its outstanding common stock at the commencement of trading today. In premarket trading today, the stock is up over 2,300% at $4.80.The reverse stock split is meant to ensure that Sonnet's common stock meets the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market.According to the company, the reverse stock split will... + full article



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