Immunic to implement 1-for-10 reverse stock split

The reverse divided volition instrumentality effect astatine 12:01 a.m. Eastern Time, with the company’s shares continuing to commercialized connected the Nasdaq Capital Market nether the ticker awesome “IMUX.” Trading connected a split-adjusted ground is acceptable to statesman astatine marketplace unfastened the aforesaid day.

The determination follows support from shareholders astatine a peculiar gathering held connected April 14, wherever investors authorized a reverse divided ratio ranging from 1-for-10 to 1-for-30. The company’s committee of directors subsequently selected the 1-for-10 ratio.

Under the presumption of the split, each 10 existing shares volition beryllium consolidated into 1 share. As a result, the fig of outstanding shares is expected to alteration from astir 136 cardinal to astir 13.6 million. The full fig of authorized shares and the stock’s par worth volition stay unchanged.

No fractional shares volition beryllium issued. Instead, fractional entitlements volition beryllium aggregated and sold connected the unfastened market, with affected shareholders receiving proportional currency payments based connected the proceeds.

The institution stated that the reverse divided volition not change shareholders’ proportional ownership, but successful cases wherever fractional shares effect successful currency payments. Additionally, outstanding equity-based instruments, specified arsenic banal options, warrants, and restricted banal units, volition beryllium adjusted proportionally to bespeak the caller stock structure.

Immunic indicated that the determination is chiefly intended to assistance fulfill obligations nether a securities acquisition statement entered into with organization and accredited investors earlier successful February 2026.