NEW YORK--(BUSINESS WIRE)---- $TNFA--TNF Pharmaceuticals, Inc. (Nasdaq: TNFA) (âTNFâ or the âCompanyâ), a clinical stage biopharmaceutical company committed to developing novel therapies for autoimmune and inflammatory conditions, today announced that its board of directors has authorized a reverse stock split of the Companyâs common stock at a ratio of 1 post-split share for every 100 pre-split shares. The Companyâs common stock will begin trading on a split-adjusted basis upon market open on Tuesday, S
Related Questions
How will the 1âforâ100 reverse split affect TNFAâs share liquidity and bidâask spread?
Will the split bring the stock back into Nasdaqâs $1 minimum price requirement and prevent a potential delisting?
What shortâterm price volatility and investor sentiment could arise from the split given TNFAâs clinicalâstage pipeline and upcoming catalysts?