StockNews.AI
BBLG
StockNews.AI
74 days

Bone Biologics Announces 1-for-6 Reverse Stock Split

1. Bone Biologics announces a 1-for-6 reverse stock split effective June 10, 2025. 2. Stockholder approval was obtained for the reverse split range of 1-for-2.5 to 1-for-10. 3. No change in stockholder ownership percentage after the reverse stock split. 4. New CUSIP number for shares will be 098070600 post-split. 5. The company focuses on regenerative medicine for spine fusion markets.

Stock Split
-0.78%Current Return
VS
+1.03%S&P 500
$0.807606/06 08:38 AM EDTEvent Start
$0.801306/09 08:52 AM EDTLatest Updated
5m saved
Insight
Article

FAQ

Why Bearish?

Reverse stock splits often signal distress and can lead to declining investor confidence. For example, when companies like Zynga executed a reverse split, they often saw stock price decreases due to perceived weaknesses.

How important is it?

The reverse stock split is a significant corporate event that can influence trading behavior and perceptions of the company’s stability. It is crucial for investors to understand the implications of assigned share values and market confidence.

Why Short Term?

The effects of a reverse stock split are primarily felt in the immediate months post-execution, as investors reassess their position. Historical examples have shown volatility typically decreases over time after initial reactions.

Related Companies

ZNGANVDASPLK
- BURLINGTON, Mass.--(BUSINESS WIRE)--Bone Biologics Corporation (“Bone Biologics” or the “Company”) (Nasdaq: BBLG, BBLGW), a developer of orthobiologic products for spine fusion markets, today announced a planned reverse stock split of its shares of common stock at a ratio of 1-for-6. The reverse stock split will take effect as of 12:01 a.m. ET, on Tuesday, June 10, 2025, and shares of Bone Biologics are expected to trade on a post-split basis on Nasdaq under the existing trading symbol, “BBLG,” at the market open on June 10, 2025. At the Company’s annual meeting of stockholders held on May 30, 2025, stockholders approved an amendment to the Company’s Amended and Restated Certificate of Incorporation to implement a reverse stock split in a range of 1-for-2.5 to 1-for-10, and granted the board of directors the authority to implement and determine the exact split ratio within such range, which was subsequently set by the board at 1-for-6. Following the reverse stock split, the new CUSIP number of the common stock will be 098070600, with the par value per share of common stock remaining at $0.001. A proportionate adjustment will be made to the per-share exercise prices and number of shares issuable under all outstanding warrants and equity awards. When the reverse stock split becomes effective, every six shares of the Company’s issued and outstanding common stock will be combined into one share of common stock. Each stockholder’s percentage ownership interest in Bone Biologics will remain unchanged after the reverse stock split. Any fractional shares resulting from the reverse stock split will be rounded up to the nearest whole share of common stock. The number of authorized shares of common stock of the Company will remain the same following the reverse stock split. About Bone Biologics Bone Biologics was founded to pursue regenerative medicine for bone. The Company is undertaking work with select strategic partners that builds on the preclinical research of the Nell-1 protein. Bone Biologics is focusing development efforts for its bone graft substitute product on bone regeneration in spinal fusion procedures, while additionally having rights to trauma and osteoporosis applications. For more information, please visit www.bonebiologics.com. Forward-Looking Statements Certain statements contained in this press release, including, without limitation, statements regarding the timing, implementation, and success of the reverse stock split, as well as statements containing the words “plan,” “will,” and words of similar import, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve both known and unknown risks and uncertainties. The Company’s actual results may differ materially from those anticipated in its forward-looking statements as a result of a number of factors, including, but not limited to, market and other conditions and risks generally associated with an undercapitalized developing company, as well as the risks contained under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 and the Company’s other filings with the Securities and Exchange Commission. Except as required by applicable law, we undertake no obligation to revise or update any forward-looking statements to reflect any event or circumstance that may arise after the date hereof. More News From Bone Biologics Corporation

Related News