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Lunai Bioworks, Inc. to Effect 10:1 Reverse Stock Split

1. Lunai Bioworks will execute a 10:1 reverse stock split to comply with Nasdaq rules. 2. The split kicks in on September 30, 2025, possibly affecting share liquidity.

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$0.172609/24 04:55 PM EDTEvent Start
$0.172609/24 04:55 PM EDTLatest Updated
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FAQ

Why Bearish?

Reverse stock splits often signal financial distress and can lead to decreased investor confidence, as seen in other biotech firms. This might impact RENB negatively in the short term, similar to historical cases where stocks faced price declines post-split.

How important is it?

The announcement of a reverse stock split is a critical corporate development that directly affects RENB's stock price and investor perception. Given the context of compliance with Nasdaq rules, this action indicates financial challenges that could raise concerns among investors.

Why Short Term?

The immediate effect of the reverse split can lead to volatility and initial price declines as market sentiment adjusts. Historical examples show that stocks often experience a drop in value shortly after this type of corporate action.

Related Companies

RENBXBIIBB
Measure taken to Comply with Nasdaq Rule 5550(a)(2) Regarding Minimum Bid Price LOS ANGELES, CA / ACCESS Newswire / September 24, 2025 / Lunai Bioworks, Inc. (Nasdaq:RENB) ("Lunai Bioworks" or the "Company"), a pioneer in cancer diagnostics and therapeutics powered by artificial intelligence, today announced that the Company's Board of Directors has approved a 10:1 reverse stock split of the Company's issued and outstanding common stock, par value $0.0001 per share (the "Common Stock") to be effective 12:01 a.m., Eastern Time, on September 30, 2025.

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