Lannett announces 1-for-4 reverse stock split

Lannett announced that its Board of Directors approved a 1-for-4 reverse stock split of its issued and outstanding shares of common stock, effective at 5 p.m. Eastern Time on February 6. Beginning February 7, the company’s common stock will trade on a split-adjusted basis. The common stock will continue to trade on the New York Stock Exchange under the symbol "LCI," but will trade under the new CUSIP number 516012 200. The reverse stock split was approved by Lannett Company’s stockholders at the company’s Annual Meeting of Stockholders held on January 25.