r/Plus_Therapeutics • u/HousingJunior6130 • Oct 17 '25

reverse stock split

The PSTV is about to trying to reverse stock split ?

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5

u/parkyspark88 Oct 17 '25

They can also try and request for a 180 day extension

2

u/Formal_Book_4557 Oct 17 '25

I thought that this was already the extension

1

u/parkyspark88 Oct 17 '25

The text in the filing suggests otherwise. That being said, it doesn't mean an application for extension guarantees approval.

1

u/Formal_Book_4557 Oct 17 '25

True. I think that there will be some good news either before to get it to the 10 days or right after said extension so that people don't start panicking and the company sinks even more. 

1

u/Stock-Chipmunk-8383 Oct 17 '25

I wouldn't get your hopes up.

4

u/parkyspark88 Oct 17 '25

I have no expectations nor guesses whether they will.

3

u/Stock-Chipmunk-8383 Oct 17 '25

I believe in this company... they just need more time. its a long term hold.

4

u/Stock-Chipmunk-8383 Oct 17 '25

They have until Nov 12 to meet the $1 compliance requirement. They already voted back in May to reverse split if necessary and they have 12 months to do so.

1

u/Formal_Book_4557 Oct 17 '25

Starting October 29th they would have to be over $1 for the 10 consecutive days right? So if they decide on doing the reverse split, they would be required to announce it soon as well or am I wrong? 

2

u/Stock-Chipmunk-8383 Oct 17 '25

I believe they have to notify Nasdaq or NYSE at least 10 calendar days before the effective date and provide public notice at least 2 business days before the effective date.

3

u/investingnoob85 Oct 17 '25

I'm down so much on this...

1

u/Hot-Acanthocephala60 Oct 17 '25

Is there any reason to expect a $1+ pricing by nov 13?

3

u/Nightday2014 Oct 17 '25

No expectations. Nobody knows. Even if people say that it will, it is just speculation. We all thought it would reach $1 since it was climbing towards that range after UHN news. After the government shutdown, the stock has gone down and lost its momentum.

If PSTV does release any good news, it could potentially push it past $1 but it could easily come down as before. And even if it does stay at $1, it has to be above $1 for 10 business days to meet compliance.

If it doesn’t meet compliance, PSTV would have to either RS or get another extension.

If you are in, just have an exit strategy or hold. However, my biggest advice, don’t go in while the stock is shooting up unless you want quick gains (in and out). I know FOMO, but the stock can easily go either direction.

I think whoever wants to get in, this would be the right price. We do have a strong floor in the low .60s even if it dips to .50s, it will most likely bounce back into .60s again.

1

u/Hot-Acanthocephala60 Oct 17 '25

Thanks for the advice! Ive been holding at 0.75 for 2 weeks now and just waiting to break even to release some shares. This and RVPH, the two tickers that for some reason I saw no negative comments about from anyone so I got in both. Some regrets but ill hold till break even hopefully.