$BioCardia (BCDA.US)$ NEWS BioCardia Announces Reverse Stock...
NEWS
BioCardia Announces Reverse Stock Split
BioCardia announced a 1-for-15 reverse stock split of its common stock, effective May 30, 2024, to meet Nasdaq's minimum bid price requirement. Shares will trade on a split-adjusted basis under the ticker BCDA. The reverse stock split will uniformly affect all shareholders, converting every 15 shares into 1 share without altering percentage ownership. Fractional shares will not be issued; instead, cash payments will be made. The authorized shares of common stock will be reduced from 100 million to 50 million. Further details are available in the company's proxy statement on the SEC's website.
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MARKET-TEST-DUMMY : Thank you for bringing this to our attention as this might be a nice opportunity or it might get hammered
MARKET-TEST-DUMMY : Will this reduce the free float x 15
Jaguar8OP MARKET-TEST-DUMMY: Yes divide by 15
Jaguar8OP MARKET-TEST-DUMMY: Then price x 15