- Moolec Science (MLEC, Financial) will implement a 1-for-10 reverse stock split, effective May 14, 2025.
- The outstanding shares will be reduced from approximately 40 million to 4 million.
- The stock will continue trading under the symbol "MLEC" with a new CUSIP code (L64875 120).
Moolec Science (NASDAQ:MLEC), a company focused on producing animal proteins and nutritional oils in plants, is set to enact a significant change in its capital structure through a 1-for-10 reverse stock split. Effective May 14, 2025, at 8:30 AM Eastern Time, this split will reduce Moolec's outstanding shares from approximately 40 million to 4 million, while maintaining the par value per share unchanged.
Following the reverse stock split, Moolec Science will continue trading on NASDAQ under the unchanged ticker symbol "MLEC" but will adopt a new CUSIP code, L64875 120. The company's warrants will continue trading under the symbol "MLECW" with their existing CUSIP code.
The reverse stock split seeks to consolidate shares automatically, with no required action from shareholders. Those who hold shares via brokerage, bank, or other custodians will see their positions adjusted automatically. This restructuring is poised to maintain Moolec's compliance with NASDAQ listing requirements and reflects a strategic move to bolster the company's market standing, despite ongoing challenges in the alternative protein sector.
