Curis proposes reverse stock split 1-for-5 to 1-for-12 to regain Nasdaq compliance
Curis has filed a preliminary proxy statement for a special meeting of stockholders to be held on November 18, 2026, seeking approval to effect a reverse stock split at a ratio ranging from 1-for-5 to 1-for-12 at the board's discretion within six months of stockholder approval. The board states the primary purpose is to increase the trading price of common stock to meet Nasdaq's minimum $1.00 bid price requirement for continued listing on the Nasdaq Capital Market. The company regained compliance with the bid pr...
Key takeaways
Special meeting scheduled for November 18, 2026 at 11:00 a.m. Eastern Time via virtual webcast at www.virtualshareholdermeeting.com/CRIS2026SM3
Record date for voting is October 26, 2026
Proposal 1 seeks approval for reverse stock split at ratio of 1-for-5 to 1-for-12, with exact ratio and timing determined by board within six months of approval
Reverse stock split intended to increase per-share price to maintain Nasdaq Capital Market listing compliance
Board recommends FOR both the reverse stock split proposal and the adjournment proposal
Company regained compliance with $1.00 minimum bid price rule on July 24, 2026 following a delist determination letter issued April 27, 2026
Company is subject to Discretionary Panel Monitor until July 24, 2027 per Listing Rule 5815(d)(4)(A)
Primary source
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