Plus Therapeutics, Inc. Announces Nasdaq Ticker Symbol Changes And Reverse Stock Split

AUSTIN, Texas, July 29, 2019 (GLOBE NEWSWIRE) -- Plus Therapeutics, Inc. (Nasdaq: PSTV) (the “Company”) today announced that the Company has officially changed its name from “Cytori Therapeutics, Inc.” to “Plus Therapeutics, Inc.” and the ticker symbol for the Company’s common stock on the Nasdaq Capital Market will change from “CYTX” to “PSTV”. The ticker symbol for the Company’s Series S Warrants will change from “CYTXZ” to “PSTVZ”. Trading under the new ticker symbols will begin at the open of the market on Monday, July 29, 2019. In addition, a new CUSIP number, 72941H103, has been assigned to the Company’s common stock and the new CUSIP number assigned to the Company’s Series S Warrants is 72941H111.

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No actions are needed from Plus Therapeutics’ current shareholders relative to the ticker symbol or CUSIP changes.

Additionally, the Company intends to effect a 1-for-50 reverse stock split to become effective on August 5, 2019, and the Company’s common stock is expected to commence trading on a post-split basis beginning on August 6, 2019. The Company received the requisite stockholder approval for the reverse stock split on July 11, 2019. The new CUSIP number for the Company’s common stock after the reverse stock split will be 72941H400.

The reverse stock split will automatically combine every 50 shares of the Company’s common stock into one issued and outstanding share without any change in the par value of the shares. Following the reverse stock split, the number of outstanding shares of the Company’s common stock is anticipated to be proportionally reduced from approximately 22.2 million to approximately 0.4 million.

No fractional shares will be issued in connection with the reverse stock split. Any fractional shares of the Company’s common stock that would have otherwise resulted from the reverse stock split will be rounded up to the nearest whole share. Outstanding equity awards and the shares available for future grant under the Company’s Amended and Restated 2004 Equity Incentive Plan, 2011 Employee Stock Purchase Plan, 2014 Amended and Restated Equity Incentive Plan and 2015 New Employee Incentive Plan will be proportionately reduced (rounded down to the nearest whole share), and the exercise prices of outstanding equity awards will be proportionately increased (rounded up to the nearest whole cent) to give effect to the reverse stock split. The Company’s common stock will continue to trade on a post-split basis under the trading symbol “PSTV”.

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Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and ...

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