QTNT - Quotient rises on plan to execute one-for-40 reverse stock split

• Quotient ( NASDAQ: QTNT ) is set to execute a one-for-40 reverse stock split on November 2, 2022.
• The move is primarily intended to bring the diagnostics company into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq.
• The company's ordinary shares are expected to begin trading on a split-adjusted basis when the market opens on November 3, 2022 on the Nasdaq under the existing symbol "QTNT."
• The split will reduce the number of shares of ordinary shares issued and outstanding from ~141,208,378 to ~3,530,209.
• QTNT shares have gained ~7% premarket

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