Sientra announces 1-for-10 reverse stock split

Sientra announced that its Board of Directors has approved a 1-for-10 reverse stock split of the Company’s issued and outstanding common stock. The Reverse Stock Split was effective at 4:00 p.m. Eastern Time on January 19, 2023. The Company’s common stock is expected to begin trading on The Nasdaq Global Market on a split-adjusted basis on January 23, 2023. The Company’s stockholders previously approved the Reverse Stock Split at the annual meeting of stockholders held on January 12, 2023 at a ratio ranging from 1-for-5 up to a ratio of 1-for-15, such ratio and the implementation and timing of such Reverse Stock Split to be determined by the Company’s Board of Directors. The principal purpose of the Reverse Stock Split is to decrease the total number of shares of common stock outstanding and proportionately increase the market price of the common stock in order to meet the continuing listing requirements of The Nasdaq Global Market. In connection with the Reverse Stock Split, the Company’s CUSIP number will change to 82621J204 as of January 23, 2023. The Company’s common stock will continue to trade under the symbol "SIEN."