GlycoMimetics Inc. Completes 1-for-100 Reverse Stock Split Amid Merger with Crescent Biopharma
GlycoMimetics Inc. has completed a reverse stock split at a ratio of 1-for-100 shares as part of its merger with Crescent Biopharma. Following the merger, each outstanding share of Crescent common stock was converted into 0.1445 shares of the new combined company. The new CUSIP number for the company is 38000Q201, and approximately 19.5 million shares of the combined company's common stock and equivalents are now outstanding. The company's shares are set to begin trading on the Nasdaq under the ticker symbol "CBIO."
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