Acurx approves 1-for-20 reverse stock split

Acurx (ACXP) approved a 1-for-20 reverse stock split of the company’s common stock. The reverse split will legally take effect at 4:01 p.m. Eastern Time, on August 4. The company’s common stock will open for trading under a new CUSIP number 00510M 203 on Nasdaq on August 5 on a split-adjusted basis under the current ticker symbol “ACXP.” The reverse Split is intended to increase the per share trading price of the company’s common stock to enable the company to regain compliance with the minimum bid price requirement for continued listing on Nasdaq. The 1-for-20 reverse split will automatically convert every 20 current shares of the company’s common stock into 1 share of common stock. The reverse split will reduce the number of shares of outstanding common stock from approximately 30,764,540 shares, the number of shares outstanding as of July 24, 2025, to approximately 1,538,227 shares. The total authorized number of shares will not be reduced.