Longeveron announces 1-for-10 reverse split of common stock

Longeveron announced that the Company’s Board of Directors has approved a 1-for-10 reverse split of the Company’s Class A common stock, par value $0.001 per share and Class B common stock, par value $0.001 per share . The Reverse Split was previously approved by the Company’s stockholders at a special meeting held on February 21…The Reverse Split will legally take effect at 11:59 p.m. Eastern Time, on March 26… The Company’s Class A common stock will open for trading under a new CUSIP number 54303L 203 on The Nasdaq Capital Market on March 27. on a split-adjusted basis under the current ticker symbol “LGVN.” The Reverse Split is intended to increase the per share trading price of the Company’s common stock to enable the Company to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market.