Gossamer Bio Announces Effectiveness of 1-for-80 Reverse Stock Split
Gossamer Bio announced that it has filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State to effect a 1-for-80 reverse stock split of its common stock. The reverse split is now effective.
Why it matters — A reverse stock split is a corporate action that reduces the number of outstanding shares and typically raises the per-share price, which can affect how GOSS shares are traded and perceived.