Intelligent Bio Solutions announces 1-for-10 reverse stock split

Intelligent Bio Solutions (INBS) announced that it will effect a 1-for-10 reverse split of its common stock, that will become effective at 11:59 pm Eastern Time on December 15. Trading of the company’s common stock on Nasdaq will continue, on a split-adjusted basis, with the opening of the markets on December 16, under the trading symbol “INBS” and new CUSIP number 36151G709. The reverse stock split was approved by Intelligent Bio Solutions’ stockholders at the annual meeting of the company’s stockholders held on October 16, with the final ratio to be determined by the company’s board of directors within the ratio range authorized by shareholders, the company noted.