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Immunic Inc (NASDAQ:IMUX, FRA:10VA) said it will implement a 1-for-10 reverse stock split of its common shares effective April 27, as part of efforts to meet contractual obligations tied to a recent securities agreement.
The reverse split will take effect at 12:01 a.m. Eastern Time. Immunic’s shares will continue to trade on the Nasdaq Capital Market under the ticker symbol “IMUX,” while trading on a split-adjusted basis is expected to begin at market open on April 27.
Shareholders approved the reverse split at a special meeting held on April 14. Investors authorized a reverse split ratio ranging from 1-for-10 to 1-for-30, and the company’s board selected the 1-for-10 ratio.
Under the terms of the split, every ten existing shares will be consolidated into one share. Immunic said the number of outstanding shares is expected to decrease from approximately 136 million to about 13.6 million. The total number of authorized shares and the stock’s par value will remain unchanged.
No fractional shares will be issued. Instead, fractional entitlements will be aggregated and sold on the open market, with affected shareholders receiving proportional cash payments based on the proceeds.
Immunic stated the reverse split will not change shareholders’ proportional ownership, except in cases where fractional shares result in cash payments. The company also said outstanding equity-based instruments—including stock options, warrants, and restricted stock units—will be adjusted proportionally to reflect the new share structure.
Immunic said the reverse split is primarily intended to help fulfill obligations under a securities purchase agreement entered into with institutional and accredited investors earlier in February 2026.
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