2023-07-26 17:19:32 ET
- BIOLASE ( NASDAQ: BIOL ) on Wednesday said it would effect a 1-for-100 reverse stock split.
- The company's common stock will begin trading on a split-adjusted basis on July 28.
- "The primary purpose of the 1-for-100 reverse stock split is to raise the per-share trading price of the Company's common stock to allow for its continuous listing on the Nasdaq Capital Market, among other benefits," BIOL said in a statement .
- BIOLASE ( BIOL ) stock earlier closed -7.4% at $0.07.
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BIOLASE announces 1-for-100 reverse stock split