AquaBounty Technologies has confirmed that the 1-for-30 reverse share split of its common shares became effective today. The reverse share split has increased the market price and decreased the number of shares in issue.
The reverse share split is expected to help enable the company to meet one of the NASDAQ listing requirements related to pricing of its common shares. A further announcement will be made in due course once the NASDAQ listing is effective.
Following the reverse share split, the company's issued share capital consists of 6,463,935 of common shares with a par value of $0.001 each. The Company holds no common shares in Treasury and, therefore, the total number of voting rights in the Company is 6,463,935.
At 3:48pm: (LON:ABTU) Aqua Bounty Technologies Inc. Com Shs Usd0.001 Di share price was +560.5p at 580p