Valion Bio Announces 1-For-25 Reverse Stock Split, Effective Aug. 31
Valion Bio, Inc. (Nasdaq:VBIO) ("Valion Bio" or the "Company) announced today that its Board of Directors has declared a 1-for-25 reverse stock split of the Company's issued and outstanding shares of
Valion Bio is combining 25 of its old shares into 1 new share. This is a common move when a stock price gets very low, and it helps the company meet listing rules—but it doesn't change what the company is actually worth.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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