Silexion Therapeutics to Reverse Split 1-for-24
Silexion's ordinary shares will combine into one share per twenty-four held, with split-adjusted trading beginning on Nasdaq Capital Market.
Updated on Nov. 9, 2026 in Stock Picks
Silexion Therapeutics announced a 1-for-24 reverse share split of its ordinary shares, effective after market close on November 10, 2026. Split-adjusted shares will begin trading on Nasdaq Capital Market on November 11, 2026, under the existing ticker SLXN.
Why it matters
The split is intended to help Silexion regain compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2). The company expects the higher per-share price to reduce volatility and broaden its investor base.
The 1-for-24 ratio raises par value from $0.135 to $3.24 per share, a mechanical adjustment that does not by itself change company value. Whether the split restores compliance with Nasdaq's minimum bid price requirement has not yet been determined.
The players
Silexion Therapeutics
A clinical-stage company based in Grand Cayman, Cayman Islands, developing SIL204 for pancreatic cancer, with additional trial sites in Israel and Germany.
The details
No fractional shares will be issued, and shareholders holding book-entry shares need take no action, with adjustments made automatically in brokerage accounts. The company also reported that the first patient was dosed in September in its Phase 2/3 trial of SIL204 in locally advanced pancreatic cancer.
Timeline
September 2026: First patient dosed in the SIL204 Phase 2/3 trial.
November 10, 2026: Reverse share split becomes effective after market close.
November 11, 2026: Split-adjusted shares begin trading on Nasdaq Capital Market.
Market Dynamics
The reverse split is a tool companies use to lift a share price above the Nasdaq minimum bid threshold set by Listing Rule 5550(a)(2). It changes the nominal price rather than the company's underlying equity value.
Shareholders in book-entry or brokerage accounts will see their share counts adjusted automatically, with no action required. Holders of fewer than twenty-four shares will not receive fractional shares, so their position may be reduced to zero.
The takeaway
A reverse split changes the number of shares and their price but not the total value of a holding, so investors should review how their brokerage will handle fractional shares. Checking the new CUSIP G1281K163 can help confirm post-split positions.
What happens next
Split-adjusted shares begin trading on Nasdaq Capital Market on November 11, 2026, under the existing ticker SLXN.
Further reading
For more on how share adjustments affect individual holdings, see Stock Picks.
Source note: This article includes information reported by The Manila times.
