Tivic Health announced that its Board of Directors has declared a 1-for-100 reverse stock split of the company’s issued and outstanding shares of common stock. The reverse stock split will become effective on August 23, 2023 at 12:01 AM Eastern Time. The company’s common stock is expected to begin trading on a split-adjusted basis when the markets open on August 23, 2023, under the current Nasdaq trading symbol “TIVC.” The reverse stock split is primarily intended to bring the company back into compliance with the continued listing requirements of the Nasdaq Capital Market, including the minimum bid price requirement.
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Read More on TIVC:
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