Longeveron implements a reverse split to boost its share price above Nasdaq’s $1 minimum bid requirement.
Longeveron (LGVN) will execute a 1-for-10 reverse stock split for its Class A and Class B common shares, each with a par value of $0.001. The move aims to lift the stock’s price above Nasdaq’s $1 minimum bid threshold to maintain compliance.
The company previously faced delisting risk due to prolonged trading below the required price. A reverse split consolidates shares, increasing the per-share price without altering market capitalization.
The split is expected to take effect shortly, though no immediate market reaction was disclosed.