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- Pharmaceutical firm Optinose (NASDAQ:OPTN) introduced on Thursday a 1-for-15 reverse inventory break up, efficient 5:00 PM ET on December 30.
- The share consolidation is meant to allow Optinose to regain compliance with the $1.00 minimal closing bid worth requirement for continued itemizing on Nasdaq.
- The shares will commerce on a split-adjusted foundation underneath a brand new CUSIP quantity 68404V209.
- The corporate’s shareholders authorised the reverse inventory break up at a particular assembly of stockholders held on December 23.
- The reverse inventory break up will cut back the shares issued and excellent from 150.83M to ~10.06M.
- Supply: Press Launch
