Revelation Biosciences Implements 1-for-16 Stock Split in 2025

Revelation Biosciences, Inc. Announces Strategic Stock Split

In a significant move, Revelation Biosciences Inc. (NASDAQ: REVB) has announced a 1-for-16 reverse stock split effective January 28, 2025. This decision comes after the Company secured approval at its Special Meeting of Stockholders held recently. The reverse stock split is designed to help elevate the market price of the Company’s common stock, which plays a crucial role in maintaining compliance with The Nasdaq Capital Market’s listing requirements.

Details of the Reverse Stock Split

The reverse stock split means that every sixteen shares of common stock held by shareholders will be consolidated into one share. This adjustment is uniform for all stockholders, ensuring no one’s proportional ownership in the Company changes, except where fractional shares are involved. In such cases, shares will be rounded down to the nearest whole number. Importantly, this structural change will not affect the par value of the common stock nor alter any rights or preferences associated with it.

A Step Towards Compliance

The initiative behind this reverse stock split aims to facilitate compliance with the minimum bid requirement for continued listing on the Nasdaq. It is often essential for companies in the biotechnology sector to maintain a favorable stock price for investor confidence and market perception. Following the split, the common stock will continue trading under the existing symbol "REVB." The Company’s transfer agent will oversee the necessary adjustments and record-keeping to streamline the transition for investors.

Advancements in Clinical Research

In addition to the stock split announcement, Revelation has made headlines with the initiation of its Prime Phase 1b clinical study on its proprietary formulation known as Gemini. This study targets chronic kidney disease (CKD) patients, with dosing scheduled to begin in Mid-February 2025 and topline data expected to be available by the middle of the year. The ongoing research programs reflect Revelation’s commitment to addressing significant health challenges while working diligently towards regulatory compliance.

Gemini: The Keystone of Revelation's Research

Gemini stands at the forefront of Revelation Biosciences' efforts in advancing healthcare solutions. With applications that include prevention of post-surgical infections and treatment for acute kidney injury, its effectiveness in treating chronic kidney disease is currently being assessed in the pivotal trials. The potential market impact of such advancements could be substantial, particularly in the healthcare industry, where the demand for innovative treatments is ever-growing.

Information for Stockholders

Current stockholders should take note that the reverse stock split will have ramifications for their shareholdings but will not change their overall stake in the Company. Registered stockholders will see their shares automatically adjusted without the need for any action on their part. For those holding shares through brokers or investment firms, the adjustments will also take place automatically, ensuring a smooth transition throughout this process.

Future Outlook

As Revelation Biosciences looks ahead, the objectives are clear: not only to meet operational and growth targets but also to navigate the complexities of the clinical research landscape. The Company is focused on securing its position within the competitive biotech industry while ensuring that shareholders remain informed and engaged through open communication and transparency. The growth through strategic decision-making, like the reverse stock split, showcases Revelation's commitment to building value for its investors.

Frequently Asked Questions

What is a reverse stock split?

A reverse stock split is a corporate action where a company reduces the number of its outstanding shares, resulting in an increase in the share price proportionally.

Why is Revelation Biosciences implementing a reverse stock split?

The reverse stock split aims to increase the share price to comply with Nasdaq listing requirements.

How will the reverse stock split affect my shares?

Each sixteen shares you hold will convert into one share, with no change in your overall stake, except in cases of fractional shares.

When will the reverse stock split take effect?

The reverse stock split will be effective on January 28, 2025.

What is Gemini in relation to Revelation Biosciences?

Gemini is a proprietary formulation being evaluated by Revelation Biosciences for various health applications, including chronic kidney disease treatment.

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