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Tuesday, 08/25/2020 7:14:29 AM

Tuesday, August 25, 2020 7:14:29 AM

Post# of 652805
$TORC , A Heads up,I'm out this morning, received email this morning for their Meeting and Proxy vote,they are wanting to do a RS of 4 for 1 for 12 for 1, I like the company but will wait for reentry after RS possibly or is they cancel it


Determination of Reverse Stock Split Ratio
The ratio of the reverse stock split, if approved by the resTORbio stockholders and implemented by the
resTORbio Board, will be between 1-for-4 and 1-for-12 shares outstanding, as determined by the resTORbio
Board and agreed to by Adicet. If the resTORbio Board determines to proceed with the reverse stock split,
resTORbio will publicly announce the exact ratio selected. In determining the reverse stock split ratio, the
resTORbio Board will consider numerous factors including:
• the historical and projected performance of resTORbio common stock before and after the reverse
stock split;
• prevailing industry, general economic and market conditions;
• the projected impact of the selected reverse stock split ratio on trading liquidity in resTORbio common
stock and resTORbio’s ability to continue its common stock’s listing on Nasdaq (See “Matters Being
Submitted to a Vote of resTORbio Stockholders—Nasdaq Requirements for Listing on the Nasdaq
Global Select Market” beginning on page 239 of this proxy statement/prospectus/information
statement);
• resTORbio’s capitalization (including the number of shares of resTORbio common stock issued and
outstanding);
• the prevailing trading price for resTORbio common stock and the volume level thereof; and
• potential devaluation of resTORbio’s market capitalization as a result of a reverse stock split.
The purpose of asking for authorization to implement a reverse stock split at a ratio to be determined by the
resTORbio Board, as opposed to a ratio fixed in advance, is to give the resTORbio Board the flexibility to take
into account then-current market conditions and changes in price of resTORbio common stock and to respond to
other developments that may be deemed relevant, when considering the appropriate ratio.

All my posts are in my opinion only,do your own DD and don't spend more then you can afford to lose

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