Quince clarifies 1-for-20 reverse stock split
Quince Therapeutics, Inc. filed an amended report to correct its description of a previously approved reverse stock split.
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Rhea-AI Filing Summary
Quince Therapeutics, Inc. filed an amended report to correct its description of a previously approved reverse stock split. Stockholders had authorized a reverse split within a wide range, and the board set the final ratio at 1-for-20.
The Certificate of Amendment was filed on June 26, 2026 and the reverse split becomes effective at 11:59 p.m. Eastern Time on June 29, 2026, with split-adjusted trading on the Nasdaq Global Select Market starting June 30, 2026. Each 20 shares of common stock will be combined into 1 share, with fractional shares rounded up.
Immediately before the split there were 19,559,257 shares of common stock outstanding; immediately after effectiveness there will be approximately 977,963 shares outstanding. The split affects all holders uniformly and does not change percentage ownership, rights, or preferences. Options and warrants are proportionally adjusted, and the stock will trade under a new CUSIP while keeping the symbol QNCX.
Insights
Quince clarifies a large 1-for-20 reverse split that sharply cuts share count but keeps ownership percentages unchanged.
Quince Therapeutics confirms a 1-for-20 reverse stock split, reducing common shares from 19,559,257 to about 977,963. This is a structural change to the share base, not an operational update, and applies uniformly across all stockholders.
The filing states that fractional shares will be rounded up to the next whole share, which is modestly favorable to very small holders. All stock options and warrants are proportionally adjusted, so employee and investor contracts remain aligned with the new share count.
The company notes the split becomes effective on June 29, 2026, with split-adjusted trading on June 30, 2026. Subsequent SEC reports and market trading after these dates will show the impact of the lower share count on per-share metrics such as earnings per share, if and when those metrics are reported.
8-K Event Classification
Key Figures
Key Terms
reverse stock split financial
Certificate of Amendment regulatory
Nasdaq Global Select Market market
CUSIP number financial
exchange agent financial
FAQ
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What reverse stock split did Quince Therapeutics (QNCX) approve?
When does the Quince Therapeutics (QNCX) reverse stock split take effect?
Does the Quince Therapeutics (QNCX) reverse stock split change stockholder rights?
Will Quince Therapeutics (QNCX) stock symbol or CUSIP change after the split?
AI-generated analysis. How Rhea-AI works. Not financial advice.