Argos Announces One-for-Twenty Reverse Stock Split
Argos Therapeutics (NASDAQ:ARGS) an immuno-oncology company focused on the development and commercialization of individualized immunotherapies based on the Arcelis® precision immunotherapy technology platform, today announced that its Board of Directors approved a one-for-twenty reverse split of the Company’s common stock that will take effect today, January 18, 2018 after the close of trading. As quoted … Continued
Argos Therapeutics (NASDAQ:ARGS) an immuno-oncology company focused on the development and commercialization of individualized immunotherapies based on the Arcelis® precision immunotherapy technology platform, today announced that its Board of Directors approved a one-for-twenty reverse split of the Company’s common stock that will take effect today, January 18, 2018 after the close of trading.
As quoted in the press release:
The reverse stock split will affect all holders of common stock uniformly and will not alter any stockholder’s percentage interest in the Company’s equity, except to the extent that the reverse stock split would result in a stockholder owning a fractional share. No fractional shares of common stock will be granted in connection with the reverse stock split; stockholders who would otherwise be entitled to a fractional share of common stock will be entitled to receive a proportional cash payment. The reverse stock split will not change the par value of the common stock or the authorized number of shares of common stock of Argos.
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