Trillium Therapeutics Inc (TRIL)

[beachboy3]

Reverse split has nothing to do with how much cash company has. TRIL has not met Nasdaq'a continued listing criterion of being >$1 for a long time. It is on its 2nd and final 6 month listing extension. If it doesn't rise and stay above a closing bid of >$1 for 10 days by the extension end date, it will be delisted. So the company will reverse split to avoid delisting, if needed.