Summary by Moomoo AI
HOOKIPA Pharma Inc. (HOOK) has announced a reverse stock split that is scheduled to take effect before the market opens on July 10, 2024. The reverse split will be conducted on a 1-for-10 basis, meaning that each HOOK Common Share will be converted into the right to receive 0.1 new HOOKIPA Pharma Inc. Common Shares. Following the reverse split, the option symbol for HOOKIPA Pharma will change from HOOK to HOOK1. The contract multiplier will remain 1, with the new multiplier set at 100. Consequently, the new deliverable per contract will be 10 new HOOKIPA Pharma Inc. Common Shares. The CUSIP number for the new shares will be 43906K209. The underlying price for the new symbol HOOK1 will be determined by multiplying the old HOOK price by 0.10.
