Applied DNA Sciences Inc. has announced a 1-for-15 reverse stock split of its common stock, effective June 2, 2025. The company's shares will begin trading on a split-adjusted basis on Nasdaq under the symbol "APDN" from that date. This move is intended to help the company comply with Nasdaq's $1.00 minimum bid price requirement. The number of outstanding shares will reduce from approximately 7.8 million to about 519 thousand, with no change in the total authorized shares.
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. Applied DNA Sciences Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1032950) on May 29, 2025, and is solely responsible for the information contained therein.