Cara Therapeutics Announces 1-for-3 Reverse Stock Split in Connection with the Proposed Merger with Tvardi Therapeutics [Yahoo! Finance]
Cara Therapeutics, Inc. (CARA)
Last cara therapeutics, inc. earnings: 2/27 04:01 pm
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US:NASDAQ Investor Relations:
ir.caratherapeutics.com/investor-relations
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Source: Yahoo! Finance
Directors (the “Board”) has approved a 1-for-3 reverse stock split of its outstanding shares of common stock. Cara's common stock is expected to begin trading on a reverse stock split-adjusted basis at the opening of the market on Wednesday, April 16, 2025 under the new name “Tvardi Therapeutics, Inc.” and under the new symbol “TVRD” following the anticipated closing of the merger (the “Merger”) with Tvard Therapeutics, Inc. (“Tvardi”), with a new CUSIP number 140755 307. The reverse stock split was approved by Cara's stockholders at Cara's special meeting of stockholders held on April 1, 2025, to be effected in the Board's discretion of not less than 1-for-2 and not more than 1-for-4. The final reverse stock split ratio of 1-for-3 was approved by the Board on April 1, 2025 and will become effective as of 4:01 p.m. Eastern Time on Tuesday, April 15, 2025. At the effective time of the reverse stock split, every three (3) issued and outstanding shares of the Company's common stock
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