Jul. 17 at 11:09 PM
$CGTX If CGTX doesn't naturally reach the
$1 level for 10 consecutive days before September 8, 2025, it may propose a reverse stock split. Nasdaq requires the split to be implemented no later than 10 business days before the deadline, so their cutoff for execution is around late August 2025.
This requires shareholder approval first, followed by:
Board action
10-day prior notification to Nasdaq (under new rules)
Public announcement and DTC CUSIP setup
Execution of the split
