Aligos Therapeutics ($ALGS): A Bold Move to Regain Nasdaq Compliance
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Aligos Therapeutics executed a 1-for-25 reverse stock split effective August 19, 2024, to regain compliance with Nasdaq's minimum bid price. This move consolidates shares, boosting their value while maintaining market capitalization. It reflects the company’s commitment to continue operating on Nasdaq and developing therapies for liver and viral diseases. While the split increased short-term stock prices, investor perceptions may vary, affecting long-term confidence. Monitoring clinical trial progress and financial health will be key for investors moving forward.
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