Aptorum Group up on reverse stock split plan

Aptorum

20/01/2023 16:06

** U.S.-listed shares of Aptorum Group Ltd  APM.O  rise ~10%
to 63 cents
    ** Co announces 1-for-10 reverse stock split of its shares
    ** Shares expected to commence trading on a split-adjusted
basis on Jan. 23 at market open   
    ** Implementing reverse stock split with objective to regain
compliance with minimum bid price requirement of Nasdaq Global
Market - company
    ** APM has ~35.7 mln shares outstanding - Refinitiv data
    ** Aptorum shares down ~62% in the past 12 months
 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))