Thu, Aug 1, 8:46 PM (226 days ago)
BioVie Inc. (Nasdaq: BIVI) has announced a 1-for-10 reverse stock split, approved by its stockholders at a special meeting on July 29, 2024. The reverse split will be effective on August 6, 2024, reducing the number of issued and outstanding shares of Class A common stock by a factor of ten, while maintaining the same par value per share. The split is intended to increase the per-share trading price and meet Nasdaq's listing requirements. No fractional shares will be issued; instead, stockholders will receive one full share for any fractional shares. The new CUSIP number post-split will be 09074F405. This reverse split does not affect the total number of authorized shares or the exercise prices of outstanding stock options and warrants.