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Aptose Biosciences Inc. 8-K Analysis & Summary – 2/21/2025

⚠️This is not investment advice.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️

Aptose Biosciences Inc.
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Filing date:

02/21/2025

TLDR:

Aptose Biosciences Inc. announced a 1-for-30 reverse stock split, effective February 26, 2025.

ELI5:

Aptose Biosciences is reducing the number of its publicly traded shares by combining every 30 shares into one. This is called a reverse stock split and will change the stock’s trading information but not the overall value of everyone’s investment.

Accession #:

0001193125-25-032092

Published on

Analyst Summary

  • Aptose Biosciences Inc. implemented a 1-for-30 reverse stock split.
  • The reverse stock split will be effective on February 26, 2025.
  • The Common Shares will trade under a new CUSIP number, 03835T408, and a new ISIN, CA03835T4081.
  • The stock will continue to trade on Nasdaq under the symbol “APTO” and on TSX under the symbol “APS.”
  • Immediately after the Reverse Stock Split becomes effective, there will be approximately 2.1 million Common Shares issued and outstanding.

Potential Implications

Stock Price

  • The reverse stock split is intended to increase the stock price to meet Nasdaq’s minimum listing requirements.
  • The reverse stock split could make the stock more attractive to some investors.

⚠️ This is an experimental project and this report is for informational purposes only and should not be considered investment advice. Conduct your own thorough research and consult with a qualified financial advisor before making any investment decisions. ⚠️