Mustang Bio falls after announcement of reverse stock split

Mustang Bio

14/01/2025 14:07

** Shares of cancer therapy developer Mustang Bio  MBIO.O 
fall 32.1% to 15 cents premarket
    ** MBIO says it will implement 1-for-50 reverse stock split,
which will be effective on Jan. 16
    ** Co says outstanding shares will decrease from ~64.8 mln
to ~1.3 mln
    ** MBIO fell 86.4% in 2024

 (Reporting by Kamal Choudhury in Bengaluru)
 ((Kamal.Choudhury@thomsonreuters.com;))