Oncternal Therapeutics Inc (ONCT): GTx to Implement a 1-for-10 Reverse Stoc...

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Monday, 12/05/2016 9:46:41 AM

Monday, December 05, 2016 9:46:41 AM

GTx to Implement a 1-for-10 Reverse Stock Split

08:52 AM EST, 12/05/2016 (MT Newswires) -- GTx (GTXI), a biopharmaceutical company, said Monday that it will implement a 1-for-10 reverse stock split of common stock, effective on Dec. 5, to regain compliance with the $1 minimum bid price requirement for continued listing on the Nasdaq Capital Market.

Shares will begin trading on a split-adjusted basis on Dec. 6 and the number of shares outstanding will be reduced to approximately 15.9 million.

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