BioAtla announces 50-for-1 share consolidation

BioAtla announced that it will effect a 50-for-1 share consolidation of its common stock, par value $0.0001 per share, that is expected to become effective on April 6 at 12:01 a.m. Eastern Time. The common stock will continue to trade on Nasdaq under the existing symbol (BCAB) and is expected to begin trading on a split-adjusted basis when the market opens on April 6. The share consolidation is intended to increase the per share trading price of the common stock to enable the company to regain compliance with the $1.00 minimum bid price requirement for continued listing on Nasdaq.