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home / news releases / BNGO - Bionano Genomics down 19% on sale of preferred stock share

BNGO - Bionano Genomics down 19% on sale of preferred stock share

Bionano Genomics Inc.

2023-04-17 11:19:27 ET

  • Bionano Genomics ( NASDAQ: BNGO ) is off 19% in Monday morning trading after selling a single share of its new Series A Preferred Stock to board chairman David Barker.
  • That share has 3M votes.
  • Barker has agreed that for any reverse stock split proposal, those votes will be cast in the same way the common stock shares are voted for, Bloomberg reported. The preferred share votes are only valid for a reverse stock split proposal.
  • Read why Seeking Alpha contributor Busted IPO Forum recently called Bionano ( BNGO ) a hold.

For further details see:

Bionano Genomics down 19% on sale of preferred stock share
Stock Information
Company Name: Bionano Genomics Inc.
Stock Symbol: BNGO
Market: NASDAQ
Website: bionanogenomics.com
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