“Titan Pharmaceuticals Announces Reverse Stock Split”
December 2, 2020
“SOUTH SAN FRANCISCO, Calif., Nov. 30, 2020 /PRNewswire/ — Titan Pharmaceuticals, Inc. (NASDAQ: TTNP) (“Titan” or the “Company”) today announced that its Board of Directors has approved a 1-for-30 reverse stock split of the Company’s common stock, which will be effective at 5:00 p.m. Eastern Time on Monday, November 30, 2020…
Immediately after the reverse split becomes effective, there will be approximately 6.6 million shares of common stock issued and outstanding. The common shares will trade under a new CUSIP number, 888314606, effective December 1, 2020, and continue to trade under the symbol “TTNP.” All stock options and warrants of the Company outstanding immediately prior to the reverse stock split have been proportionally adjusted…”
That’s wild they did a reverse stock split when the stock just surged yesterday. I think they should have gave it a little more time.