Spruce Biosciences, Inc. (OTCQB: SPRB) has announced a 1-for-75 reverse stock split of its common stock, effective August 4, 2025. This move, approved by stockholders, aims to meet Nasdaq Capital Market's minimum bid price requirement. The stock will trade on a split-adjusted basis under the ticker "SPRB" starting August 5, 2025. Fractional shares will not be issued; instead, cash payments will be made for fractional entitlements.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spruce Biosciences Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250724198639) on July 24, 2025, and is solely responsible for the information contained therein.