ilkercelik Soligenix ( NASDAQ: SNGX ) said on Friday that the biopharmaceutical company intends to effect a 1-for-16 reverse stock split, effective 4:00 p.m. on Wednesday, June 5.
SNGX shares were trading -8.43% pre-market. The new CUSIP number for the shares will be 834224 604.
The reverse stock split will reduce the number of outstanding shares in the company to ~987,490 from 15,799,837. Source: Press Release More on Soligenix Soligenix stock dips on pricing $4.75 million securities offering Seeking Alpha’s Quant Rating on Soligenix Historical earnings data for Soligenix Financial information for Soligenix.
