Elevai Labs sinks after announcement of reverse stock split
06/03/2025 14:14
** Shares of drug developer Elevai Labs ELAB.O fall 26.8% to 90 cents premarket ** ELAB says it will implement a 1-for-7 reverse stock split, effective March 10 ** Split will reduce the total number of shares from ~4 mln to around 577,000 ** ELAB stock crashed by 99.4% in 2024 (Reporting by Kamal Choudhury in Bengaluru) ((Kamal.Choudhury@thomsonreuters.com;))
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