CEL-SCI Corporation announced on May 19, 2025, that its Board of Directors approved a 1-for-30 combination of common stock, which was implemented on May 20, 2025. Every 30 shares of common stock were converted into 1 share.
The company stated that this combination was necessary because its low stock price prohibited many funds from investing in CEL-SCI and major U.S. stock exchanges desire a higher share price for listed companies. The company's ticker symbol, CVM, remains unchanged.
Fractional shares resulting from the combination were rounded to the nearest whole share, and the exercise price of all outstanding warrants and options, as well as the shares issuable upon their exercise, were proportionately adjusted.
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