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Ventana Biotech (VNTAD) announced its name change to Ventana Global, Inc. along with a significant share restructuring through a 1-for-20 reverse stock split effective January 14, 2025. The company has reduced its authorized shares from 3 billion to 500 million, while outstanding shares decreased from approximately 1.08 billion to 53.78 million.
The ticker symbol will temporarily remain as VNTAD until mid-February 2025, when it will change to VNTA. According to CEO Stephen Replin, these changes reflect the company's expanded strategic vision and aim to create a more investor-friendly capital structure. The name change also addresses marketplace confusion about the company's biotech focus, as it plans to pursue broader global business opportunities.
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