OptiNose (OPTN) said Thursday it will implement a 1-for-15 reverse stock split, effective Monday.
The company said its common stock will start trading on Nasdaq on a split-adjusted basis on Tuesday.
The reverse split is intended to enable the company to regain compliance with Nasdaq's $1 minimum closing bid price rule for continued listing on the exchange, OptiNose said.
OptiNose shares were down 2.5% in recent Thursday trading.
Price: 0.37, Change: -0.01, Percent Change: -2.76
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