Qualigen Therapeutics down after reverse stock split plan

Aixcrypto Holdings

22/11/2022 15:41

** Shares of biotech company Qualigen Therapeutics Inc
 QLGN.O  fall ~5% to 19 cents 
    ** Co announces a 1-for-10 reverse stock split of the co's
common stock 
    ** Implementing the reverse stock split to enable co to
regain compliance with Nasdaq's minimum bid price requirement -
QLGN
    ** QLGN shares to begin trading on a split-adjusted basis at
 market open on Nov. 23
    ** Including session moves, stock down ~82% YTD
 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))