🔴 Femasys Inc is trading 10.3% down today after announcing a 1-for-20 reverse stock split

Femasys Inc is trading 10.3% down today at $0.32 after announcing a 1-for-20 reverse stock split aimed at regaining Nasdaq listing compliance.

• The split is scheduled to take effect at 4:30 p.m. Eastern on June 5, with split‑adjusted trading beginning shortly thereafter.
• The move has triggered investor concerns regarding potential dilution risks and the company’s long-term financial viability.