Great Basin Scientific (GBSN) Plans 1-for-80 Reverse Split
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Great Basin Announces Reverse Stock Split of Common Stock
September 14, 2016 5:30 PM EDTSALT LAKE CITY--(BUSINESS WIRE)-- Great Basin Scientific, Inc. (Nasdaq: GBSN), a molecular diagnostics company, announced today that a 1-for-80 reverse split of its common stock will be effective at 12:01 am EDT on September 16, 2016. The Companys common stock will open for trading on the Nasdaq Capital Market on September 16, 2016 on a post-split basis. At the effective time of the reverse stock split, every 80 shares of the Companys issued and outstanding common stock, par value $0.0001, will be consolidated into one newly-issued and outstanding share of common stock, par value of $0.0001.
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