BioXcel Therapeutics Announces Reverse Stock Split

Core Viewpoint - BioXcel Therapeutics, Inc. announced a 1-for-16 reverse stock split to regain compliance with Nasdaq's minimum bid price requirement, effective February 7, 2025 [1][2][5] Group 1: Reverse Stock Split Details - The reverse stock split will convert every 16 shares of common stock into one share, maintaining the par value of $0.001 per share [5] - The reverse stock split was approved by stockholders on January 28, 2025, with a ratio determined by the Board of Directors [5] - Fractional shares will not be issued; instead, stockholders entitled to fractional shares will receive a cash payment [3] Group 2: Trading Information - Post-split, the common stock will continue trading on the Nasdaq Capital Market under the symbol "BTAI" with a new CUSIP number [2] - The split-adjusted trading is expected to commence on February 10, 2025 [1] Group 3: Impact on Equity Securities - Proportionate adjustments will be made to the number of shares underlying outstanding stock options and equity incentive plans [4]