Neuralstem Announces a 1-for-20 Reverse Stock Split
NEURALSTEM (CUR)
NASDAQ:AMEX Investor Relations:
investor.neuralstem.com
Company Research
Source: PR Newswire
GERMANTOWN, Md., July 16, 2019 /PRNewswire/ -- Neuralstem, Inc. (Nasdaq: CUR), a biopharmaceutical company focused on developing novel treatments for nervous system diseases, today announced a reverse stock split of its shares of common stock at a ratio of 1-for-20. The reverse stock split will become effective on Wednesday, July 17, 2019 after market close and shares of Neuralstem Inc. common stock will trade on a post-split basis on the Nasdaq Capital Market under the Company's existing trading symbol, "CUR," at the market open on Thursday, July 18, 2019.The reverse stock split enables Neuralstem to regain compliance with the $1.00 minimum bid price condition of the NASDAQ Capital Market continued listing requirements. At the effect time of the reverse stock split, every twenty (20) shares of Neuralstem common stock will be combined into one (1) share of common stock. This will reduce the Company's issued and outstanding common stock from 21,337,491 shares to approximately 1,066,
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