Posted on 2 Novan, Inc. (NASDAQ: NOVN) reported filing of a Certificate of Amendment to the Restated Certificate of Incorporation of the Company to execute a one for ten reverse split of its issued and outstanding common stock. The reverse stock split will be active as of 5pm Eastern Time on May 25th, 2021 as the company’s common stock is expected to trade on a split adjusted basis when the market opens on May 26th, 2021. At the company’s previous annual meeting of stockholders back in July 28th, 2020, the stockholders approved the amendment to the restated certificate of incorporation of the company to go through with the reverse stock split of the company’s common stock at a certain ratio.