![]() The Company has built a diverse portfolio of innovative therapies to deliver meaningful medical impact for patients in urgent need. ![]() ![]() Those stockholders holding common stock in “street name” will receive instructions from their brokers.Īvalo Therapeutics is a leading clinical-stage precision medicine company that discovers, develops, and commercializes targeted therapeutics for patients with significant unmet clinical need in immunology and rare genetic diseases. Stockholders who currently hold certificates need not exchange their certificates to receive their “book-entry” accounts at AST those current certificates do not need to be submitted to AST for exchange in order to receive the “book-entry” accounts. AST will be issuing, automatically and without the need for stockholder action, all of the post-split shares in paperless, “book-entry” form, and AST will hold the shares in an account set up for the stockholder. There will be no change to the number of authorized shares or the par value per share.Īmerican Stock Transfer & Trust Company, LLC (“AST”) is acting as the exchange agent for the reverse stock split and will provide instructions to stockholders of record regarding the reverse stock split. The exercise prices of the Company’s outstanding options and warrants will be adjusted in accordance with their respective terms. Each stockholder who would otherwise be entitled to receive a fraction of a share of the Company’s common stock will instead receive one whole share of common stock.Īs of the effective date of the reverse stock split, the number of shares of common stock available for issuance under the Company’s equity incentive plans and issuable upon the exercise of stock options and warrants outstanding immediately prior to the reverse stock split will be proportionately affected by the reverse stock split. No fractional shares will be issued in connection with the reverse stock split. The reverse stock split will reduce the number of shares of common stock issued and outstanding from approximately 112,868,677 to approximately 9,405,724. The reverse stock split will affect all stockholders uniformly and will not alter any stockholder’s percentage ownership interest in the Company, except to the extent that the reverse stock split results in any of the Company’s stockholders owning a fractional share as described below. ![]() The new CUSIP number following the reverse stock split will be 05338F207. The Company is implementing the reverse stock split as planned to increase the per share price of its common stock to regain compliance with the listing requirements of the Nasdaq Capital Market. The Company’s common stock will trade on the Nasdaq Capital Market on a split-adjusted basis beginning on July 8, 2022, under the Company’s existing trading symbol “AVTX”. (Nasdaq: AVTX) today announced a one-for-twelve reverse stock split of the Company’s common stock, par value $0.001, which will be effective at 5:00 pm Eastern Time tomorrow, July 7, 2022. and ROCKVILLE, Md., J(GLOBE NEWSWIRE) - Avalo Therapeutics, Inc. He has published in a number of different areas and his diverse research interests include tropical cyclone wind probabilities, air-sea interaction, meteorological aspects of thunderstorms producing transient luminous events such as gigantic jets and terrestrial gamma ray flashes, and pilot reported microbursts.WAYNE, Pa. Splitt transitioned to the University of Utah in 1998 where he worked on what is now known as MesoWest and was part of the weather support team for the 2002 Winter Olympics in Salt Lake City. He also provided weather forecast guidance for intensive observation periods which included aircraft operations. As an assistant site scientist for the Atmospheric Radiation Measurements (ARM) Program Southern Great Plains Site in Oklahoma, he focused on instrumentation quality control for an array of sensors including atmospheric soundings systems, surface radiometers, surface flux systems, and water vapor sensors. in Meteorology (1991) and was certified in secondary science education (1992). After working at the National Weather Service in Muskegon, Michigan he headed to graduate school in Oklahoma to continue his studies in meteorology as well as to chase tornadoes. in Meteorology at Northern Illinois University in 1986.
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