Novan Inc: Plunges on 1-for-10 reverse stock split

NVN Liquidation

25/05/2021 13:32

** Biotech co's shares  NOVN.O  down as much as 12.86% at
$1.22; among top pct losers on Nasdaq trading premarket
    ** Co to implement a one-for-ten reverse split of its common
stock, effective at 5:00 p.m. ET on Tuesday  urn:newsml:reuters.com:*:nGNX7TxXpR
    ** Co's stock to begin trading, under existing symbol
"NOVN", on a split-adjusted basis on May 26
    ** Up to last close, stock up ~72% YTD 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))