IMUNON Announces Reverse Stock Split
1. IMUNON announces a 1-for-15 reverse stock split effective July 25, 2025. 2. This action aims to meet Nasdaq's minimum bid price requirement for listing. 3. Outstanding shares will decrease from 31.8M to approximately 2.1M. 4. The reverse stock split does not change shareholders' percentage equity. 5. IMUNON continues development of its DNA-mediated immunotherapies amidst this change.