Dermata Therapeutics Inc. has implemented a reverse stock split to address a compliance issue with the Nasdaq Stock Market's minimum bid price requirement. After receiving a delisting notice due to its stock trading below $1.00, the company undertook the split to boost its share price. By August 22, 2025, Dermata successfully regained compliance, ensuring its continued listing on Nasdaq.
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. Dermata Therapeutics Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-025405), on August 25, 2025, and is solely responsible for the information contained therein.