NeuroMetrix (NURO) Announces 1:8 Reverse Stock Split
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NeuroMetrix Announces One-for-Eight Reverse Stock Split
November 20, 2023 9:00 AM ESTWOBURN, Mass., Nov. 20, 2023 (GLOBE NEWSWIRE) -- NeuroMetrix, Inc. (NASDAQ: NURO) today announced that it will effect a one-for-eight reverse split of its common stock, effective at 5:00 pm on November 21, 2023 (the Effective Time). The shares underlying the Company's outstanding options will also be adjusted accordingly.
The reverse stock split is intended to increase the per share trading price of the Company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. As a result of the reverse stock split, every eight shares of the Company's common... More
