What usually
happens next.
How US companies fared after the same event, measured from SEC filings and daily closes.
After a reverse split
Of 1,440 reverse splits by listed US companies since 2011, 78% left the company still listed 2 years later.
78%still listedAfter an exchange warning
Of 3,778 exchange warnings and delisting decisions sent to US companies since 2010, 68% left the company still listed a year later.
68%still listedAfter a buyout is announced
Of 1,515 buyouts of US companies announced since 2009, 94% closed; the median took 91 days.
94%closedFDA decisions
Of 187 FDA decisions for US-listed companies since 2011, 67% were approvals.
67%approvedClinical trial readouts
Of 367 trial readouts announced by US-listed companies since 2010, 65% were positive and 10% negative.
65%positiveCompanies running short of cash
When a US company had under a year of cash at its burn rate, it filed to raise money within a year 51% of the time.
51%filed to raise within a yearVery small companies
In any two years, 79% of US companies with under $50 million in public shares were still reporting at the end.
79%still reportingAround earnings
Over the two days around a report, US stocks moved a median −1.1% against the S&P 500 when revenue growth slowed and +0.6% when it sped up.
43%beat the S&P when growth slowedWhen an IPO lockup ends
When IPO lockups ended, stocks moved a median −0.6% against the market, and 54% trailed it.
54%trailed the market
Method
How every figure is checked
Every figure passes the same checks before it is shown: at least 30 cases, shares that add up, and no advice. Each page gives its method.
Where the figures come from
The reverse split, exchange warning, buyout and size figures come from SEC filings and count the companies that later failed. Measured on Steady's price history, which holds only companies still trading, so companies that later failed are missing and the picture is kinder than it was. A pattern across many companies says little about any one company.
Steady publishes these figures for information only. Nothing here is investment advice.