SenesTech announces 1-for-10 reverse stock split

SenesTech announced that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 10 pre-split shares. The reverse stock split will become effective at 4:01 p.m, Eastern Time, on July 24, 2024. The company’s common stock will continue to be traded on the Nasdaq Capital Market under the symbol “SNES” and will begin trading on a split-adjusted basis when the market opens on July 25. At the annual meeting of stockholders held on July 11, the company’s stockholders granted the company’s Board of Directors the discretion to effect a reverse stock split of the company’s common stock through an amendment to its Amended and Restated Certificate of Incorporation, as amended, at a ratio of not less than 1-for-2 and not more than 1-for-20, with such ratio to be determined by the company’s Board of Directors.