Rapt Therapeutics Inc.
RAPT Therapeutics, Inc. Announces 1-for-8 Reverse Stock Split
Summary
On June 13, 2025, RAPT Therapeutics, Inc. (NASDAQ: RAPT) announced a 1-for-8 reverse stock split of its common stock, effective June 16, 2025. This action follows the approval by the Company's stockholders at its annual meeting held on May 29, 2025. The reverse stock split resulted in approximately 16.5 million shares of Common Stock being issued and outstanding immediately after the split, with a proportionate reduction in share capital.
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About Rapt Therapeutics Inc.
Rapt Therapeutics Inc. is a biotechnology firm focused on the discovery, development, and commercialization of oral small molecule therapies for oncology and inflammatory diseases. Its primary mission is to create novel treatments by harnessing its proprietary drug discovery platform, which targets key pathways responsible for the progression of these complex conditions. Rapt Therapeutics is notably advancing its development of selective inhibitors for immune checkpoint inhibitors within the broader cancer treatment landscape, potentially enhancing the efficacy of existing therapies. The company's pipeline includes multiple drug candidates tailored for specific types of cancer and chronic inflammatory disorders, underscoring its commitment to addressing unmet medical needs. By concentrating efforts on innovative approaches that modulate immune and inflammatory responses, Rapt Therapeutics plays a significant role in shaping the future of precision medicine in the biopharmaceutical industry. Founded in 2015 and leveraging advanced scientific insights, Rapt Therapeutics represents an important component of the biotech sector's efforts to push boundaries in disease treatment and improve patient outcomes.
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