Longeveron Sets 1-for-10 Reverse Split Effective Aug 26 to Regain Nasdaq Compliance
LGVN sits 54% above its 52-week low of $0.475.
Summary
Longeveron will execute a 1-for-10 reverse stock split effective August 26, 2026, with split-adjusted trading beginning August 27 under a new CUSIP. The move is designed to lift the share price above Nasdaq's $1.00 minimum bid requirement, addressing a delisting risk flagged in the recent 10-Q. Shareholders approved the split on July 1 and the board authorized it on July 31, so this announcement finalizes the timeline and mechanics. Outstanding shares will shrink from roughly 30.4 million Class A to 3.0 million, and Class B from 1.45 million to 145,000. The company faces a cash runway only into Q4 2026 and a going concern warning, making the Nasdaq listing critical for future capital raises.
At the time of this announcement, LGVN was trading at $0.73 on NASDAQ in the Life Sciences sector, with a market capitalization of approximately $26.7M. The 52-week trading range was $0.48 to $1.23. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.