Angion rises after plan for 1-for-10 reverse stock split

Elicio Therapeutics

01/06/2023 14:07

** Shares of biopharmaceutical company Angion Biomedia Corp
 ANGN.O  up 6% at $1.04 in premarket trading
    ** Massachusetts-based Angion announces a reverse stock
split of its common shares at a ratio of 1-for-10
    ** Co says common stock will begin trading on a
split-adjusted basis from June 2, 2023 
    ** It will trade under the new symbol “ELTX”
    ** Decision taken to regain compliance with Nasdaq’s minimum
bid price requirement of $1.00 per share of common stock, ANGN
says
    ** Shares of Angion are up 20.75% this year


 (Reporting by Pritam Biswas)
 ((Pritam.Biswas@thomsonreuters.com))