Alaunos Therapeutics Announces 1-for-15 Reverse Stock Split

Alaunos Therapeutics (TCRT) has released an update.

Alaunos Therapeutics, Inc. has approved a reverse stock split of its common stock at a ratio of 1-for-15, to take effect on January 31, 2024. The stock will trade on The Nasdaq Capital Market with a new CUSIP number post-split. This decision, determined by the Board of Directors with a stockholder-approved range of 1-for-5 to 1-for-15, follows the initial Board approval and subsequent stockholder endorsement at the annual meeting. Equiniti Trust Company will manage the exchange of shares for stockholders.

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