Great Basin Scientific (GBSN) Says 1-for-80 Reverse Stock Split Now Effective
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Great Basin Scientific, Inc. (Nasdaq: GBSN) announced that it has effected a 1-for-80 reverse split of its common stock, par value $0.0001. The Company’s common stock will begin trading at the open of today’s market on a split-adjusted basis under new CUSIP number 39013L502. The reverse split reduced the number of shares outstanding from 78.4 million to approximately 1.0 million.
The reverse stock split impacts all holders of the Company’s common stock uniformly, and does not affect any stockholder’s percentage ownership interest in the Company or proportionate voting power.
Additional information regarding Great Basin’s reverse stock split is available in the definitive proxy statement filed by the Company with the U.S. Securities and Exchange Commission on August 22, 2016.
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