Wize Pharma reports one for-24 reverse common stock split.
M2 PHARMA-March 6, 2018-Wize Pharma reports one for-24 reverse common stock split
(C)2018 M2 COMMUNICATIONS
Biopharmaceutical company Wize Pharma Inc (OTCQB:WIZP) on Monday declared its one for-24 reverse split of its common stock with the opening of the market on 5 March 2018.
Under the reverse split, each 24 shares of issued and outstanding common stock will be converted into one share of common stock in the company.
The company said the reverse stock split will reduce the number of issued and outstanding common stock from approximately 104m to approximately 4.3m. The conversion price of its securities and the number shares of common stock issuable upon conversion will be split-adjusted.
According to the company, the split-adjusted common stock will trade under the ticker symbol WIZPD for 20 days, after which time the D will be removed and the stock will resume trading under the ticker symbol WIZP. The common stock post reverse split will have a new CUSIP number of 97751M 207.
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