Silo pharma announces implementation of 1-for-50 reverse stock split in preparation for planned uplisting to nasdaq

Englewood cliffs, nj , sept. 15, 2022 (globe newswire) -- silo pharma, inc. (otcqb: silo) (“the company”), a developmental stage biopharmaceutical company focused on merging traditional therapeutics with psychedelic research, announced today that it will effect a 1-for-50 reverse split of its common stock in preparation for the planned listing of the company's securities on the nasdaq capital market (“nasdaq”). the reverse stock split will become effective at the open of business on thursday, september 15, 2022, and the company's common stock will begin trading on the otc markets system on a split-adjusted basis under the temporary ticker symbol “silod” at that time. the fifth character “d” will remain appended to the company's symbol for 20 business days or until the company is listed on nasdaq, whichever comes first, at which point the company's trading symbol will revert back to “silo.”
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