Jasper Therapeutics to effect 1-for-10 reverse stock split

Jasper Therapeutics announced that it will effect a 1-for-10 reverse stock split of its issued and outstanding voting common stock that will become effective at 12:01 a.m. Eastern Time on Thursday, January 4, 2024. Jasper’s voting common stock will commence trading on a reverse stock split-adjusted basis at the opening of the market on Thursday, January 4, 2024. Following the reverse stock split, Jasper’s voting common stock will continue to trade on the Nasdaq Capital Market under the symbol “JSPR” with a new CUSIP number of 471871202. The CUSIP number for Jasper’s publicly traded warrants will not change. At the effective time of the reverse stock split, every ten shares of Jasper’s issued and outstanding voting common stock will be automatically converted into one issued and outstanding share of voting common stock without any change in the par value of $0.0001 per share. This will reduce the number of issued and outstanding shares of common stock from approximately 111.6 million to approximately 11.2 million. The reverse stock split will not change the authorized number of shares of Jasper’s voting common stock. No fractional shares will be issued in connection with the reverse stock split, and stockholders that would otherwise be entitled to a fractional share will instead receive a cash payment in lieu thereof equal to such fraction multiplied by the closing sales price of Jasper’s voting common stock as reported on the Nasdaq Capital Market on January 3, 2024.