2023-07-03 09:51:03 ET
- Biopharmaceutical company Biofrontera ( NASDAQ: BFRI ) said on Monday that it will effect a 1-for-20 reverse stock split from the close of trading at 11:59 PM today.
- Biofrontera will begin trading on Nasdaq on a split-adjusted basis from Wednesday, July 5, market open.
- The reverse stock split, approved by the shareholders and authorized by the board, is intended to bring the company into compliance with Nasdaq's minimum bid price requirement.
- Source: Press Release
For further details see:
Biofrontera to effect 1-for-20 reverse stock split to regain compliance with Nasdaq rules