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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 listing on Nasdaq.
