Avenue Therapeutics Announces Reverse Stock Split

April 24, 2024

https://www.globenewswire.com/news-release/2024/04/24/2868510/0/en/Avenue-Therapeutics-Announces-Reverse-Stock-Split.html

MIAMI, April 24, 2024 (GLOBE NEWSWIRE) — Avenue Therapeutics, Inc. (Nasdaq:ATXI) (“Avenue” or the “Company”), a specialty pharmaceutical company focused on the development and commercialization of therapies for the treatment of neurologic diseases, today announced that it will effect a 1-for-75 reverse split of its issued and outstanding common stock. Avenue expects its common stock to begin trading on a split-adjusted basis on the Nasdaq Capital Market as of the commencement of trading on April 26, 2024 with a new CUSIP number of 05360L403. The ticker symbol for the Company’s stock will remain “ATXI.”

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