Indaptus Therapeutics to Perform 1-to-28 Reverse Stock Split Operation
Brewin' Up a Stock Shake-Up! Indaptus Therapeutics Announces 1-for-28 Reverse Split 😈
🗞️ Latest News 🗞️
Indaptus Therapeutics (NASDAQ: INDP) is giving its stock portfolio a good ol' stir with a 1-for-28 reverse stock split, set to take effect after the market closes on June 26, 2025.🔵 Startin' June 27, 2025, shares will trade on a split-adjusted basis. 🔵 Every 28 shares you've been clutchin' will consolidate into a single, badass share, bringin' the number of outstanding shares down from around 16M to approximately 572 thousand.
💡 Fun Fact 💡This ain't the first time business gets personal for INDP: they've cashed $2.3M from the sale of convertible notes and warrants in the past. (But who's keepin' tabs?)
⚖️ Why the Reverse Split? ⚖️Indaptus is hankerin' to increase their per-share stock price to adhere to the continued listing requirements of Nasdaq, which demands a minimum bid price for listin'. By raisin' the share price, they're aimin' to woo big-time investors, many of whom require a certain price floor for their investments.
💣 The Impact 💣This reverse split will boost the stock price an even 28 times, but it don't change the company's overall market cap or value, my dear.This spiffy move means fractions won't be issued – instead, shareholders entitled to a slice of the pie'll receive some cold, hard cash based on the adjusted closing price on June 26, 2025. And the impact extends beyond shares: outstanding options and warrants will also be proportionally adjusted.
Historically, Indaptus's earnings have missed the mark, according to Seeking Alpha's Quant Rating. Despite this measure, their stock took a dive by 24.44% pre-market on June 25, 2025, hintin' at market uncertainties or chafe about the reverse split and other company developments.
So, there y'all have it! Indaptus's 1-for-28 reverse stock split is just another day in the financial rollercoaster they call the stock market. 😏😊
Investors might find Indaptus Therapeutics' upcoming reverse stock split an opportunity to reconsider their investments in the business sector, as the reverse split aims to boost the company's stock price to attract bigger investors. Previously, Indaptus Therapeutics has generated $2.3M from the sale of convertible notes and warrants, indicating some financial activity in the investing realm.
