Liminatus Pharma, Inc. is an immuno-oncology firm, currently in its clinical development phase, dedicated to pioneering new treatments for cancer. The company's headquarters are located in La Palma, California.
Liminatus Pharma, Inc. Announces Reverse Stock Split of its Common Stock
Liminatus Pharma’s board approved a 1-for-50 reverse stock split, effective after market close on August 20, with split-adjusted trading commencing August 21.
The move reduces outstanding shares from approximately 67.2 million to roughly 1.34 million based on July 2 data; fractional shares will be rounded up.
Reverse splits of this magnitude are typically undertaken to regain compliance with minimum bid price requirements on the Nasdaq Capital Market.