Sesen Bio stockholders approve 1-for-20 reverse stock split
- Sesen Bio (NASDAQ:SESN) stockholders on Thursday approved effecting a 1-for-20 reverse stock split of the company's issued and outstanding shares.
- The information was disclosed in a regulatory filing.
- The reverse stock split will be effective as of March 7.
- The reverse stock split will reduce the number of authorized shares of SESN common stock to 100M.
- SESN stock earlier closed -1.1% at $0.58.