Longeveron Announces 1-for-10 Reverse Stock Split

04:30 PM EDT, 08/24/2026 (MT Newswires) -- Longeveron (LGVN) will undertake a 1-for-10 reverse stock split of its Class A and Class B common stock, effective Aug. 26, the company said Monday. The Class A shares are expected to begin trading on a split-adjusted basis on Nasdaq at the open on Aug. 27. The company said the split is intended to increase its share price and help regain compliance with Nasdaq's $1 minimum bid price requirement. The reverse split will reduce outstanding Class A shares from about 30.4 million to 3 million and Class B shares from about 1.45 million to 144,901, based on shares outstanding as of Aug. 6.