OpGen shareholders approve reverse stock split in bid to avoid delisting

OpGen Inc.'s shareholders approved a 1-for-25 reverse stock split of its common stock in a bid to help avoid delisting from the Nasdaq exchange. The Gaithersburg company announced the move following a special shareholder meeting Wednesday, saying the stock split is intended to increase its share price to be able to remain on the Nasdaq Capital Market. The move, expected to be implemented Friday morning, combines 25 shares of OpGen (NASDAQ : OPGN) common stock into one, reducing the number of outstanding…
Source: bizjournals.com Health Care:Pharmaceuticals headlines - Category: Pharmaceuticals Authors: Source Type: news