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- iSpecimen Inc. (NASDAQ:ISPC) said on Wednesday that it will effect a reverse stock split of its shares at a ratio of 1-for-20.
- The reverse stock split will become effective on September 13, and the company’s common stock will begin trading on a split-adjusted basis when the market opens on September 16.
- The company’s common stock will continue to trade on the Nasdaq Capital Market under the symbol “ISPC.”
- The reverse stock split has been implemented to increase the per-share trading price of the company’s common stock to better attract investors and comply with the minimum bid price requirement for maintaining a listing on Nasdaq.
