On January 30, 2024 Sigyn Therapeutics, Inc. ("Sigyn" or the "Company") (OTCQB: SIGY), a development-stage medical technology company, reported that a 1-for-40 reverse split of its common stock will be implemented tomorrow, January 31, 2024 (Press release, Sigyn Therapeutics, JAN 30, 2024, View Source [SID1234639715]). As a result, the Company’s common stock will trade on a post-split basis at the beginning of the trading day on January 31st under its existing trading symbol "SIGY." The CUSIP number for the common stock following the reverse stock split will be 82674U205.

Schedule your 30 min Free 1stOncology Demo!
Discover why more than 1,500 members use 1stOncology™ to excel in:

Early/Late Stage Pipeline Development - Target Scouting - Clinical Biomarkers - Indication Selection & Expansion - BD&L Contacts - Conference Reports - Combinatorial Drug Settings - Companion Diagnostics - Drug Repositioning - First-in-class Analysis - Competitive Analysis - Deals & Licensing

                  Schedule Your 30 min Free Demo!

The reverse stock split is intended to increase the market price per share of the Company’s common stock to gain compliance with the minimum bid listing requirement of The Nasdaq Capital Market in connection with the Company’s pending application for listing. Proportionate adjustments will be made to the conversion and exercise prices of the company’s warrants, restricted stock unit awards, stock options and to the number of shares issued and issuable under the Company’s equity incentive plans.

The proposed listing application has been submitted to Nasdaq, but it has not yet been approved. There can be no assurance that the listing application will be approved and there remain additional requirements which must be satisfied prior to any approval decision.