Evolving Systems (EVOL) Approves 1-for-2 Reverse Stock Split
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Evolving Systems, Inc. (NASDAQ: EVOL) today announced that its Board of Directors has approved the implementation of a one-for-two reverse stock split of the Company's common stock. The reverse stock split, which was authorized by the stockholders at the Company's 2009 annual meeting of stockholders on June 9, 2009, will take effect at 11:59 p.m. (Eastern time) on July 20, 2009. Trading of Evolving Systems' common stock on the Nasdaq Capital Market will continue, on a reverse stock split-adjusted basis, with the opening of the markets on July 21, 2009.
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