Galmed Pharmaceuticals (GLMD) has released an update.
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Galmed Pharmaceuticals Ltd. has announced a reverse stock split at a ratio of 1-for-12, effective after market close on August 29, 2024. Post-split, the company will have approximately 632,889 ordinary shares with a par value of NIS 1.80 each. The adjustment will also affect the exercise price and number of shares available through existing options.
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