WPCS International (WPCS) Announces 1-for-7 Reverse Stock Split
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WPCS International Incorporated (NASDAQ: WPCS) announced that on May 28, 2013, it effected a one for seven reverse stock split of its issued and outstanding common stock to meet the requirements of a continued listing on the NASDAQ Capital Market.
WPCS initiated the reverse split pursuant to an amendment to its Certificate of Incorporation filed with the Secretary of State of Delaware on May 16, 2013, which became effective at 12:01 am on May 28, 2013. As of the effective date, each seven shares of issued and outstanding common stock will be converted into one share of common stock. The WPCS common stock will trade under a new CUSIP number of 92931L302. The Company's ticker symbol of (NASDAQ: WPCS) will remain the same, however, the ticker symbol will be represented as (NASDAQ: WPCSD) for twenty trading days commencing from the effective date of May 28, 2013.
WPCS initiated the reverse split pursuant to an amendment to its Certificate of Incorporation filed with the Secretary of State of Delaware on May 16, 2013, which became effective at 12:01 am on May 28, 2013. As of the effective date, each seven shares of issued and outstanding common stock will be converted into one share of common stock. The WPCS common stock will trade under a new CUSIP number of 92931L302. The Company's ticker symbol of (NASDAQ: WPCS) will remain the same, however, the ticker symbol will be represented as (NASDAQ: WPCSD) for twenty trading days commencing from the effective date of May 28, 2013.
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