Psychemedics (PMD) Announces 1:5000 Reverse Share Split
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Psychemedics Corporation Announces Reverse and Forward Stock Split
December 2, 2024 8:10 AM ESTDALLAS, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Psychemedics Corporation (Nasdaq: PMD) (the Company), the worlds leading provider of hair testing for drugs of abuse, today announced that, following the approval of the Companys stockholders at its Annual Meeting of Stockholders held on November 25, 2024, the Companys Board of Directors has approved a 1-for-5,000 reverse stock split of its common stock (the Reverse Stock Split) followed immediately by a 5,000-for-1 forward stock split of its common stock (the Forward Stock Split, and together with the Reverse Stock Split, the Stock Split), to be effective at 5:01 p.m.... More
