Trending...
- Heidi G. Villari of The Villari Firm, PLLC Named to Super Lawyers for the Tenth Consecutive Year
- CRG Awarded NASA SEWP VI Contracts in Categories B and C
- Salestrics Releases Version 2.0 to Unify CRM, Business Email, and Operations on a Single Customer Graph
WEXFORD, Pa., Dec. 27, 2024 ~ Coeptis Therapeutics Holdings, Inc. (Nasdaq: COEP) has announced its plans to proceed with a 1-for-20 reverse stock split of its issued and outstanding shares of common stock. The decision was made following authorization by the company's board of directors and majority stockholders to effect a reverse stock split by a ratio of not less than 1-for-3 and not more than 1-for-40.
The reverse stock split, also known as a consolidation, will see every 20 shares of the company's outstanding and issued common stock converted into one share. This move is intended to help Coeptis meet the minimum bid price requirement necessary to maintain its listing on the Nasdaq Capital Market. Under Nasdaq rules, listed companies must maintain a minimum bid price of at least $1.00 per share.
The decision to proceed with the reverse split was approved by Coeptis' stockholders at the company's Annual Stockholder's Meeting on December 18, 2024. Following this meeting, the Board established the reverse split ratio and authorized it to proceed.
More on The PennZone
The first day of trading on a post-split basis on the Nasdaq Capital Market will be at market open on December 31, 2024. Upon the effective date of the Reverse Split, any fractional shares for record holders that would have resulted from the split will be rounded up to the next whole number. This will not alter any stockholder's percentage interest in the Company's outstanding common stock, except for adjustments that may result from the treatment of fractional shares.
Continental Stock Transfer has been appointed as the exchange agent and transfer agent for the reverse stock split. They will send instructions to stockholders of record who hold stock certificates regarding the exchange of their old certificates for new ones if they wish to do so. However, those who hold their shares in brokerage accounts or "street name" are not required to take any action.
Coeptis Therapeutics Holdings, Inc. is a biopharmaceutical company focused on pioneering cell therapy platforms for cancer, autoimmune, and infectious diseases. Its subsidiaries include Coeptis Therapeutics, Inc., Coeptis Pharmaceuticals, Inc., GEAR Therapeutics, Inc., and SNAP Biosciences, Inc. The company's product portfolio includes assets licensed from Deverra Therapeutics and the University of Pittsburgh. It is also developing a universal CAR technology in collaboration with VyGen-Bio and leading medical researchers at the Karolinska Institute.
More on The PennZone
The Company's CEO expressed excitement about the potential of their innovative cell therapy platforms to disrupt conventional treatment paradigms and improve patient outcomes. Coeptis is headquartered in Wexford, PA.
Investors are advised to exercise caution when considering any investment in Coeptis Therapeutics Holdings, Inc. as there are inherent risks associated with investing in biopharmaceutical companies. For more information on Coeptis and its developments, visit https://coeptistx.com.
The reverse stock split, also known as a consolidation, will see every 20 shares of the company's outstanding and issued common stock converted into one share. This move is intended to help Coeptis meet the minimum bid price requirement necessary to maintain its listing on the Nasdaq Capital Market. Under Nasdaq rules, listed companies must maintain a minimum bid price of at least $1.00 per share.
The decision to proceed with the reverse split was approved by Coeptis' stockholders at the company's Annual Stockholder's Meeting on December 18, 2024. Following this meeting, the Board established the reverse split ratio and authorized it to proceed.
More on The PennZone
- WebDrafter Highlights How AI Search Is Reshaping Online Visibility
- Socialhose Eyes Southeast Asia and Rejects the Copy-Paste Expansion Playbook
- $40 Billion Global Market Value by 2030 Projected in Unmanned Aerial Vehicle or Other Drone Technology Sector, Growing at 9.2% Compound Annual Growth
- A.M. Logging Returns to Ag Progress Days for Eighth Year
- $620 Million in Recent Government Contract Awards with More Than $1.2 Billion in Annualized Revenue: Circle8 Group (N A S D A Q: CIRC)
The first day of trading on a post-split basis on the Nasdaq Capital Market will be at market open on December 31, 2024. Upon the effective date of the Reverse Split, any fractional shares for record holders that would have resulted from the split will be rounded up to the next whole number. This will not alter any stockholder's percentage interest in the Company's outstanding common stock, except for adjustments that may result from the treatment of fractional shares.
Continental Stock Transfer has been appointed as the exchange agent and transfer agent for the reverse stock split. They will send instructions to stockholders of record who hold stock certificates regarding the exchange of their old certificates for new ones if they wish to do so. However, those who hold their shares in brokerage accounts or "street name" are not required to take any action.
Coeptis Therapeutics Holdings, Inc. is a biopharmaceutical company focused on pioneering cell therapy platforms for cancer, autoimmune, and infectious diseases. Its subsidiaries include Coeptis Therapeutics, Inc., Coeptis Pharmaceuticals, Inc., GEAR Therapeutics, Inc., and SNAP Biosciences, Inc. The company's product portfolio includes assets licensed from Deverra Therapeutics and the University of Pittsburgh. It is also developing a universal CAR technology in collaboration with VyGen-Bio and leading medical researchers at the Karolinska Institute.
More on The PennZone
- Lewis County Hydrogen Alliance Launches Phase 1 Work to Turn Forest Residuals into Fuel-Grade Hydrogen and Dispatchable Clean Power
- Next Gen Fibre Selects netElastic vBNG and CGNAT to Fuel Rapid Nationwide Expansion and Eliminate Network Bottlenecks
- Boston Industrial Solutions, Inc. Introduces SAP-G70 Primer for bonding silicone to silicone and other materials
- 'Reflections: Enlightening Insights Into the Divine Mystery' — The Latest Book by Philosopher Steven Colborne
- Scott G. Hoy of Hoy Law Earns 11th Consecutive Super Lawyers Selection
The Company's CEO expressed excitement about the potential of their innovative cell therapy platforms to disrupt conventional treatment paradigms and improve patient outcomes. Coeptis is headquartered in Wexford, PA.
Investors are advised to exercise caution when considering any investment in Coeptis Therapeutics Holdings, Inc. as there are inherent risks associated with investing in biopharmaceutical companies. For more information on Coeptis and its developments, visit https://coeptistx.com.
Filed Under: Business
0 Comments
Latest on The PennZone
- Heidi G. Villari of The Villari Firm, PLLC Named to Super Lawyers for the Tenth Consecutive Year
- Elevate Your Sneakers With Crep Protect Trek Laces
- Meet Privateer: Tucson's High-Tech Security Force Built With Paramilitary Precision
- Dynamic Dachshund Dog Goes Global: Remember Point Launches a New Bilingual Children's Book
- DARPA Selects NRx Pharmaceuticals Defense Subsidiary for Contract Negotiations on FDA-Authorized SPARC-TMS Clinical Trial Advancing Mental Health Care
- From the Racetrack to the Boardroom: Aston Martin and Aramco Formula One Partnership Accelerates Circle8 Group: (N A S D A Q: CIRC)
- SKRAP Finds Hope Through Heartache on Powerful New Single "Shellshock"
- CodesClue: A Trusted AI-Based Software Development Company for Global Businesses
- U.N. Committee Reiterates Forced Psychiatric Detention a Human Rights Violation; CCHR Calls on the U.S. to Implement Protections
- Valgar LLC Launches The Briefing Room: Education Leaders
- New Novel WINCE Takes Unflinching Aim at American Gun Culture and Masculinity
- New Research Puts the Cost of Enterprise Decision Delay at $630 Billion a Year Across the Global 2000
- Easwe D10, C20, and C30: Lightweight Folding Electric Wheelchairs Built for Easier Travel
- Cover Story about Matthew Cossolotto – Author of Harness Your PromisePower -- Published in July 2026 Enterprise World Magazine
- Philadelphia Community Invited to Unite for Praise-A-Thon Summer Concert Benefiting Cobbs Creek
- Lineus Medical Signs Partnership Agreement with DIMA MedTech to Support Expansion into Italy
- New Research: Deterministic Decompilation of Hermes Bytecode Back to Readable JavaScript
- The J. Wes Project Celebrates 11 Years of Love, Music & Inspiration
- Lionheart Holdings and KEO Energy Sign Letter of Intent for Proposed Business Combination
- MoMojo Records announces new album from Jad Tariq