Century Therapeutics (IPSC) regains Nasdaq compliance and drops planned reverse stock split
Rhea-AI Filing Summary
Century Therapeutics, Inc. held a special stockholder meeting where investors approved an amendment to its charter that would allow a reverse stock split of its common stock at a ratio between 1-for-5 and 1-for-30, at the discretion of the board. The proposal received 55,089,478 votes for, 5,361,020 against, and 27,055 abstentions, indicating strong support for the potential split. On the same day, the company received notice from the Nasdaq Stock Market that it had regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires a minimum closing bid price of $1.00 per share. Because the company is now in compliance with all continued listing standards, it does not intend to implement the reverse stock split that stockholders approved.
Positive
- Regained Nasdaq compliance: The company received notice it is back in compliance with Nasdaq Listing Rule 5550(a)(2) and all continued listing standards, reducing delisting risk.
- No immediate reverse split: Although stockholders approved a reverse stock split authority, the company does not intend to implement it now that compliance has been restored.
Negative
- None.
Insights
Nasdaq compliance restored, making the reverse split authority unnecessary for now.
Century Therapeutics, Inc. obtained stockholder approval to amend its charter to permit a reverse stock split of its common stock in a range from 1-for-5 to 1-for-30, leaving the exact ratio to the board’s discretion. The vote tally of 55,089,478 in favor versus 5,361,020 against shows broad support for having this tool available if needed.
On the same date, the company received confirmation from Nasdaq that it had regained compliance with Listing Rule 5550(a)(2) requiring a minimum closing bid price of $1.00 per share and is now in compliance with all applicable continued listing standards. With compliance restored, the company states it does not intend to effect the reverse stock split that stockholders authorized at the special meeting.
This sequence means the company currently avoids a reverse split while maintaining its Nasdaq Capital Market listing, which can be important for liquidity and visibility. Future company or market developments, if any, would determine whether the board ever revisits the use of the authorized reverse split.
FAQ
What did Century Therapeutics, Inc. (IPSC) stockholders approve at the special meeting?
Stockholders approved an amendment to Century Therapeutics, Inc.’s charter to allow a reverse stock split of its common stock at a ratio of any whole number between 1-for-5 and 1-for-30, with the exact ratio and implementation subject to the discretion of the board of directors.
How did Century Therapeutics, Inc. (IPSC) stockholders vote on the reverse stock split proposal?
The reverse stock split charter amendment received 55,089,478 votes for, 5,361,020 votes against, and 27,055 abstentions, indicating strong approval of the proposal.
Why did Century Therapeutics, Inc. (IPSC) consider a reverse stock split?
The reverse stock split authority was tied to managing the company’s common stock structure, including the ability to address bid-price related listing requirements. The filing notes that Nasdaq Listing Rule 5550(a)(2) requires a minimum closing bid price of $1.00 per share.
Has Century Therapeutics, Inc. (IPSC) regained compliance with Nasdaq listing rules?
Yes. On January 22, 2026, Century Therapeutics, Inc. received a letter from the Nasdaq Stock Market LLC advising that it has regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding the $1.00 minimum closing bid price and is now in compliance with all applicable continued listing standards.
Will Century Therapeutics, Inc. (IPSC) implement the approved reverse stock split?
No. Because the company has regained compliance with all Nasdaq continued listing standards, it states that it does not intend to effect the reverse stock split approved by stockholders at the special meeting.
Did any other business come before the Century Therapeutics, Inc. (IPSC) special meeting?
No. The filing states that no other business properly came before the special meeting, and an adjournment proposal was not submitted because there were already sufficient votes to approve the charter amendment proposal.