Eyenovia (EYEN) announced that its board of directors approved a 1-for-80 reverse stock split of its outstanding shares of common stock, $0.0001 par value per share, which is within the ratio range approved by the company’s stockholders at a special meeting of stockholders held on January 21. The reverse stock split will be effective at 4:00 p.m., Eastern Time, on January 31. At the market open on February 3, the common stock will begin trading on a post-split basis under the existing ticker. The reverse stock split is being effected to enable the company to regain compliance with the minimum bid price required to remain listed on the Nasdaq.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EYEN:
- Eyenovia announces advisory firms recommend vote ‘FOR’ reverse stock split
- Eyenovia engages Chardan for review of strategic alternatives
- Biotech Alert: Searches spiking for these stocks today
- Eyenovia’s $1.9M Offering to Boost Optejet Development
- Eyenovia announces pricing of $1.9M registered direct offering
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue