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Correction to Press Release Announcing Reverse Stock Split of Rallybio Common Stock in Connection with the Proposed Merger with Avenzo

Key Takeaway: Rallybio Corporation issued a correction to its previous press release regarding a reverse stock split. The correction pertains to a one-for-two reverse stock split related to the merger with Avenzo Therapeutics. The initial announcement was made on November 10, 2026, and the merger agreement was dated May 31, 2026.

Market Sentiment Analysis

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+82%
120-day peak, hindsight
Typical move
4.8%
average across 6 past catalysts
Cash runway
~119 mo
Minimal dilution risk
Lead asset
RLYB116
Phase 1 · Hematologic Diseases

Full Press Release Details

EAST BERLIN, Conn.--(BUSINESS WIRE)--Rallybio Corporation (Nasdaq: RLYB) today announced a correction to its press release issued November 10, 2026. The prior press release incorrectly stated that the one-for-two reverse stock split of Rallybio’s issued and outstanding common stock in connection with the transactions contemplated by the Agreement and Plan of Merger and Reorganization, dated as of May 31, 2026, among Rallybio, Avenzo Therapeutics, Inc. and Farmington Merger Sub, Inc. is expected

Frequently Asked Questions

What is the correction announced by Rallybio?

Rallybio corrected its previous press release about a reverse stock split.

What type of stock split is Rallybio implementing?

Rallybio is implementing a one-for-two reverse stock split.

When was the initial press release issued?

The initial press release was issued on November 10, 2026.

What is the purpose of the reverse stock split?

The reverse stock split is in connection with the merger with Avenzo Therapeutics.

Last updated: Nov 11, 2026