Monopar Therapeutics announces 1-for-5 reverse stock split

Monopar Therapeutics will effect a 1-for-5 reverse stock split of its outstanding shares of common stock. The company expects that the Reverse Stock Split will become effective at 5:00 pm on Monday August 12 and its common stock will begin trading on a split-adjusted basis at the open of trading on August 13 under the new CUSIP number 61023L207. Monopar’s common stock will continue to trade on the NASDAQ Capital Market under the symbol “MNPR“. The Reverse Stock Split is an effort to regain compliance with Nasdaq’s listing rules. As a result of the Reverse Stock Split, each 5 shares of the Company’s issued and outstanding common stock will be automatically combined and converted into one issued and outstanding share of common stock, resulting in the number of outstanding shares of Monopar’s common stock being reduced from approximately 17.6 million to approximately 3.5 million immediately following the effectiveness of the Reverse Stock Split. The Reverse Stock Split will affect all holders of shares of our common stock uniformly and each stockholder will hold the same percentage of our common stock outstanding immediately following the reverse stock split as that stockholder held immediately prior to the reverse stock split, except for adjustments that may result from the treatment of fractional shares as described below. The Reverse Stock Split will not affect the number of authorized shares of common stock or the par value of the common stock.