Elutia Stock Flat Ahead of Open as $1.5 Billion Decision Waits
Elutia Inc. shares traded at $1.15 on 11 shares in premarket Tuesday, down 0.86% after the Memorial Day break. The company last reported Q1 net sales up 6% to $3.1 million and gross margin at 57.9%. Elutia granted 48,000 stock options to a new employee at a $1.05 strike price. Possible asset sales remain under discussion, with no timeline confirmed.