tiprankstipranks
ThermoGenesis announces 1-for-45 reverse stock split
The Fly

ThermoGenesis announces 1-for-45 reverse stock split

ThermoGenesis Holdings announced a 1-for-45 reverse stock split of its outstanding common stock, effective at 12:01 a.m. Eastern time on December 22. Beginning tomorrow, December 22 the Company’s common stock will trade on a split-adjusted basis. At the Company’s Annual Meeting of Stockholders held on December 15, 2022, the Company’s stockholders approved a proposal to amend the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of its common stock at a ratio within the range of one-for-twenty to one-for-fifty as determined by the Company’s Board of Directors. On December 15 the Board of Directors approved a 1-for-45 reverse split, and on December 21 the Company filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation to effect the reverse stock split effective as of December 22. The Company’s Board of Directors implemented the reverse stock split with the objective of regaining compliance with the $1.00 minimum bid price requirement of The Nasdaq Capital Market. The Company has until March 6, 2023 to comply with this requirement.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on THMO:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles