Biora Therapeutics falls on reverse stock split plan

Biora Therapeutics

30/12/2022 15:22

** Shares of drug developer Biora Therapeutics Inc  BIOR.O 
down ~5% at 14 cents
    ** Co announces a reverse stock split of its common stock at
a ratio of 25 to 1 
    ** Reverse stock split intended to enable the co to meet
minimum Nasdaq's listing price per share requirements - BIOR
    ** Stock to begin trading on a split-adjusted basis on
market open on Jan. 3, 2023
    ** After split, the number of authorized shares of common
stock will be reduced from 350 million to 164 million, co says
    ** Including session moves, stock has lost ~93% YTD
 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))