Great Basin Scientific (GBSN) Says 1-for-80 Reverse Stock Split Now Effective
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Great Basin Announces Effectiveness of Reverse Stock Split of Common Stock
September 16, 2016 8:30 AM EDTCompany has 1.0 million shares of common stock outstanding post-split
SALT LAKE CITY--(BUSINESS WIRE)-- Great Basin Scientific, Inc. (Nasdaq: GBSN), a molecular diagnostics company, announced today that it has effected a 1-for-80 reverse split of its common stock, par value $0.0001. The Companys common stock will begin trading at the open of todays 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 Companys... More
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.
The... More