Azitra Stock Soars 62.11% on Reverse Split Announcement

Generated by AI AgentAinvest Pre-Market Radar
Friday, Aug 22, 2025 4:18 am ET1min read
Aime RobotAime Summary

- Azitra's stock surged 62.11% pre-market after announcing a 1-for-6.66 reverse stock split.

- The split aims to consolidate shares, attract institutional investors, and reduce volatility.

- Approved by shareholders on February 20, the split took effect August 21.

- Fractional shares will be compensated with cash based on recent prices.

On August 22, 2025, Azitra's stock surged by 62.11% in pre-market trading, marking a significant rise that has caught the attention of investors and analysts alike.

Azitra Inc. recently filed an amendment for a 1-for-6.66 reverse stock split, which is set to take effect on August 21, 2025. This move is expected to consolidate the company's outstanding shares, potentially making the stock more attractive to institutional investors and reducing volatility.

The reverse stock split was approved by the company's stockholders during a special meeting held on February 20, 2025. The board of directors was granted the authority to determine the exact split ratio and the timing of the split. The amendment to the company's Second Amended and Restated Certificate of Incorporation was filed with the Secretary of State of Delaware on August 20, 2025.

As a result of the reverse stock split, every 6.66 shares of Azitra's common stock will be combined into one share. The par value and other terms of the common stock will remain unaffected. Stockholders who would otherwise receive fractional shares will be compensated with a cash payment based on the average closing price of the common stock over the five trading days preceding August 20, 2025.

Comments



Add a public comment...
No comments

No comments yet