Listing Alert
MIAX Options
November 11, 2016 | 02:40 PM
MIAX Corporate Action Alert: Galena Biopharma, Inc. (GALE)
Galena Biopharma, Inc. (GALE) has announced a 1-for-20 reverse stock split. The reverse stock split will become effective on Monday, November 14, 2016. On that date, the current GALE options class will change to GALE1. The MIAX Options Exchange will not list GALE1 options. Therefore, no options on GALE will be available for trading on the MIAX Options Exchange on Monday, November 14, 2016. The new GALE options series will resume trading on the MIAX Options Exchange on Tuesday, November 15, 2016.
All GTC orders resting on the MIAX order book in GALE will be canceled at the close of business on Friday, November 11, 2016.
Additional details about the Galena Biopharma, Inc. (GALE) reverse stock split are provided in the attached OCC Memo.
Please contact MIAX Options Listings with any questions at Listings@miaxglobal.com or (609) 897-7308.