Bio-Path Holdings Announces 1-for-20 Reverse Stock Split
Upon the effectiveness of the reverse stock split, every 20 shares of common stock issued and outstanding as of the effective date will be automatically combined into one share of common stock.
- Upon the effectiveness of the reverse stock split, every 20 shares of common stock issued and outstanding as of the effective date will be automatically combined into one share of common stock.
- No fractional shares of common stock will be issued in connection with the reverse stock split.
- The reverse stock split will not change the par value of the common stock or modify the rights or preferences of the common stock.
- The Company anticipates that the reverse stock split will reduce the number of shares of the Company’s common stock issued and outstanding from 12,352,664 shares to approximately 617,833 shares.