Sep. 4 at 6:44 PM
$CYCN Equity Corporate Actions Alert #2026 - 648
Information Regarding the Business Combination, Change of Control, and Reverse Split of Cyclerion Therapeutics, Inc. (CYCN) & Korsana Biosciences, Inc.
https://www.nasdaqtrader.com/TraderNews.aspx?id=ECA2026-648
The business combination of Cyclerion Therapeutics, Inc. (CYCN) & Korsana Biosciences, Inc. resulting in a Change of Control is expected to close on September 8, 2026. As a result, Cyclerion Therapeutics, Inc. (CYCN) will undergo a one-for-seven (1-7) reverse stock split of its Common Stock along with a change of name, symbol & Cusip. Further, participating holders of record on September 4, 2026 will receive one (1) Contingent Value Right (CVR) for each share held. The CVR distribution will not be quoted EX. These changes are expected to become effective on Wednesday, September 9, 2026. Subject to closing.
Following the RS and merger, CYCN will begin trading under the ticker
$KRSA Korsana Biosciences, Inc.