- OpGen ( NASDAQ: OPGN ) said it had approved a 1-for-20 reverse stock split of its shares of common stock.
- ( OPGN ) is down ~6% after the bell.
- The Reverse Stock Split will become effective on Jan. 5 and will open for trading on The Nasdaq Capital Market on a post-split basis under the Company’s existing trading symbol "OPGN."
- OpGen expects the reverse stock split to increase the market price per share of common stock in order to regain compliance with the Nasdaq's minimum bid price listing requirement of $1.00 per share.
For further details see:
OpGen falls 6% on 1-for-20 reverse stock split