OncoSec Medical slumps on reverse stock split plan

OncoSec Medical Incorporated

08/11/2022 20:06

** Shares of OncoSec Medical Inc  ONCS.O  fall 31% to $0.25,
set to see their worst day since May 2019, if losses hold
    ** Co announces 1-for-22 reverse split of its issued and
outstanding common stock
    ** Stock expected to begin trading on a split-adjusted basis
on market open on Nov. 9
    ** Reverse stock split primarily intended to bring the co
into compliance with minimum bid price requirements for
maintaining its listing on Nasdaq - ONCS
    ** Stock down ~74% YTD
 (Reporting by Raghav Mahobe)
 ((Raghav.Mahobe@thomsonreuters.com;))