Is there a plan for reverse stock split on nucana plc

Symbols

6/5/2025 05:14pm

Aime

The deep research logic is organized as follows: 

Okay, let's tackle this question about NuCana plc's reverse stock split plans. The user is asking if there's a plan for a reverse split on NCNA. First, I need to check the provided references and background information to see what's available.

Looking at the references, there are several mentions of NuCana's stock split history. Number 2 and 3 both mention a reverse split on April 16, 2024, with a 1-for-25 ratio. That's a significant split. Then, reference 4 and 5 from 2024 discuss the upcoming reverse split, confirming the 1-for-25 ratio and the effective date. There's also a press release from March 27, 2024, about changing the ADS ratio, which effectively was a reverse split.

Now, checking the more recent references, like number 6 from 2025, mentions a surge in stock price post-reverse split, but that's after the 2024 split. The user's current time is 2025-06-05, so any plans after 2024 would be relevant. However, looking at references 11, 13, 17, and 20, which are queries from 2025, they all show zero results. That suggests there's no recent plan for another reverse split as of 2025.

Also, reference 16 from 2025-05-04 mentions a Form 424B4 where NuCana stated they don't have plans to change the ADS ratio or implement another reverse split. That's a direct statement from the company, which is important. Additionally, reference 19 talks about a shareholder vote in 2025, but it's about share subdivision and redesignation, not a reverse split.

The user is interested in penny stocks and microcaps, so they might be looking for another split to boost liquidity or price. But based on the data, NuCana hasn't announced any new reverse splits beyond the 2024 one. The company's latest SEC filings and press releases don't indicate any upcoming splits. Therefore, the conclusion is that there's no current plan for another reverse stock split as of 2025.

I need to structure the answer clearly, starting with the conclusion, then the analysis, and include the necessary citations. Also, since the user prefers microcaps and technical analysis, mentioning the impact of the 2024 split on liquidity and price might be relevant. But the key point is that there's no new plan as of now.

Conclusion 🚨
NuCana plc (NCNA) has no current plans for a reverse stock split as of 2025. The company completed a 1-for-25 reverse stock split on April 16, 2024, and subsequent filings indicate no further reverse splits are planned ¹².

Analysis

1. Historical Context

NuCana executed a 1-for-25 reverse stock split on April 16, 2024, to comply with Nasdaq’s minimum bid price requirements and improve liquidity ⁴⁵. This means:

1 pre-split share = 0.04 post-split shares ⁴.
The split was tied to a 1:25 ADS ratio change, where 25 existing ADSs were exchanged for 1 new ADS ².

2. Recent Activity (2025)

No new reverse split announcements: As of June 5, 2025, NuCana has not disclosed plans for additional reverse splits ⁶⁷.
SEC filings confirm no future splits: A 2025 Form 424B4 explicitly states NuCana has no plans to implement another reverse stock split ³.
Shareholder vote unrelated to splits: A 2025 shareholder meeting focused on share redesignation, not reverse splits ¹⁰.

3. Market Implications

Liquidity concerns: Despite the 2024 split, NCNA remains a penny stock (trading below $1) with low liquidity ¹¹¹².
Price volatility: Post-split, NCNA saw a 48.57% surge in pre-market trading (May 15, 2025), but this was unrelated to a new split ¹³.

Key Takeaway 📊

NuCana’s 2024 reverse split addressed short-term compliance needs, but there is no evidence of further splits in 2025. Investors focused on microcaps and technical analysis should monitor NCNA’s liquidity and price stability rather than expecting additional splits.

Source:

1. 191 Information Regarding the Reverse Stock Split, Ratio ...