Galecto Announces Reverse Stock Split
Galecto, Inc. (GLTO)
Company Research
Source: GlobeNewswire
BOSTON, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Galecto, Inc. (NASDAQ: GLTO), a clinical-stage biotechnology company focused on the development of novel treatments for cancer and fibrosis, today announced that it will implement a 1-for-25 Reverse Stock Split of its common stock (the “Reverse Stock Split”), effective at 5:00 p.m. Eastern Time on Thursday, August 29, 2024. The Reverse Stock Split, which was approved by shareholders at the company’s Annual Meeting of Stockholders on June 20, 2024, is primarily intended to bring the company into compliance with the minimum bid price requirement for maintaining its listing on The Nasdaq Capital Market. Beginning with the opening of trading on Friday, August 30, 2024, the company’s common stock will trade on the Nasdaq Capital Market on a split-adjusted basis under the existing symbol “GLTO” and a new CUSIP number 36322Q 206. At the effective time of the Reverse Stock Split, every twenty-five (25) shares of the company’s issued and outstan
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GLTO
Earnings
- 8/12/24 - Beat
GLTO
Sec Filings
- 9/18/24 - Form 8-K
- 9/11/24 - Form 8-K
- 9/5/24 - Form 8-K
- GLTO's page on the SEC website