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Virpax Pharmaceuticals Announces Reverse Stock Split to Regain Compliance with Nasdaq's Minimum Bid Price [Yahoo! Finance]

Virpax Pharmaceuticals, Inc. (VRPX) 
Company Research Source: Yahoo! Finance
in developing non-addictive products for pain management, post-traumatic stress disorder, central nervous system (CNS) disorders and anti-viral barrier indications, today announced that it will effect a 1-for-10 reverse stock split ("reverse split") of its common stock, par value $0.001 per share ("Common Stock"), that will become effective at 12:01 a.m. Eastern Time on March 1, 2024. The Company's Common Stock will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "VRPX" and will begin trading on a split-adjusted basis when the Nasdaq opens on March 1, 2024 ("Effective Time"). The new CUSIP number for the Common Stock following the reverse split will be 928251206. At a special meeting of stockholders held on December 28, 2023 (the "Special Meeting"), the Company's stockholders granted the Company's Board of Directors the discretion to effect a reverse stock split of the Company's Common Stock at a ratio of not less than 1-for-2 and not more than 1-for-20, w Show less Read more
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