IRVINE, Calif., April 16, 2025 (GLOBE NEWSWIRE) — Biomerica, Inc. (NASDAQ:BMRA) (“Biomerica”), a global provider of advanced medical products, today announced that it will implement a 1-for-8 reverse stock split of the issued and outstanding shares of its common stock (the “Reverse Stock Split”), effective at 12:01 a.m. Eastern time on April 21, 2025. Biomerica’s common stock is expected to begin trading on a split-adjusted basis when the market opens on Monday, April 21, 2025, and will continue to trade on The Nasdaq Capital Market under the symbol “BMRA.” The new CUSIP number for the common stock will be 09061H406.
The Reverse Stock Split is intended to increase the bid price of the common stock to enable Biomerica to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. Biomerica’s stockholders authorized the reverse stock split at Biomerica’s 2024 Annual Meeting of the Stockholders held on December 13, 2024 (“2024 Annual Meeting”), with the final ratio subsequently determined by Biomerica’s Board of Directors.
As a result of the Reverse Stock Split, every 8 shares of Biomerica’s pre-split common stock issued and outstanding will be automatically reclassified as and converted into one new share of Biomerica’s common stock. This will reduce the number of shares outstanding from approximately 20,366,095 million shares to approximately 2,545,762 million shares and the number of authorized shares of Biomerica’s common stock will not change. Stockholders who would otherwise be entitled to receive a fractional share will instead automatically have their fractional interests rounded up to the next whole share, after aggregating all the fractional interests of a holder resulting from the Reverse Stock Split. Proportionate adjustments will be made to the number of shares of Biomerica’s common stock underlying equity awards and the exercise prices of options issued under Biomerica’s stock incentive plans, and the number of shares available …
Full story available on Benzinga.com
IRVINE, Calif., April 16, 2025 (GLOBE NEWSWIRE) — Biomerica, Inc. (NASDAQ:BMRA) (“Biomerica”), a global provider of advanced medical products, today announced that it will implement a 1-for-8 reverse stock split of the issued and outstanding shares of its common stock (the “Reverse Stock Split”), effective at 12:01 a.m. Eastern time on April 21, 2025. Biomerica’s common stock is expected to begin trading on a split-adjusted basis when the market opens on Monday, April 21, 2025, and will continue to trade on The Nasdaq Capital Market under the symbol “BMRA.” The new CUSIP number for the common stock will be 09061H406.
The Reverse Stock Split is intended to increase the bid price of the common stock to enable Biomerica to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. Biomerica’s stockholders authorized the reverse stock split at Biomerica’s 2024 Annual Meeting of the Stockholders held on December 13, 2024 (“2024 Annual Meeting”), with the final ratio subsequently determined by Biomerica’s Board of Directors.
As a result of the Reverse Stock Split, every 8 shares of Biomerica’s pre-split common stock issued and outstanding will be automatically reclassified as and converted into one new share of Biomerica’s common stock. This will reduce the number of shares outstanding from approximately 20,366,095 million shares to approximately 2,545,762 million shares and the number of authorized shares of Biomerica’s common stock will not change. Stockholders who would otherwise be entitled to receive a fractional share will instead automatically have their fractional interests rounded up to the next whole share, after aggregating all the fractional interests of a holder resulting from the Reverse Stock Split. Proportionate adjustments will be made to the number of shares of Biomerica’s common stock underlying equity awards and the exercise prices of options issued under Biomerica’s stock incentive plans, and the number of shares available …
Full story available on Benzinga.com
IRVINE, Calif., April 16, 2025 (GLOBE NEWSWIRE) — Biomerica, Inc. (NASDAQ:BMRA) (“Biomerica”), a global provider of advanced medical products, today announced that it will implement a 1-for-8 reverse stock split of the issued and outstanding shares of its common stock (the “Reverse Stock Split”), effective at 12:01 a.m. Eastern time on April 21, 2025. Biomerica’s common stock is expected to begin trading on a split-adjusted basis when the market opens on Monday, April 21, 2025, and will continue to trade on The Nasdaq Capital Market under the symbol “BMRA.” The new CUSIP number for the common stock will be 09061H406.
The Reverse Stock Split is intended to increase the bid price of the common stock to enable Biomerica to regain compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market. Biomerica’s stockholders authorized the reverse stock split at Biomerica’s 2024 Annual Meeting of the Stockholders held on December 13, 2024 (“2024 Annual Meeting”), with the final ratio subsequently determined by Biomerica’s Board of Directors.
As a result of the Reverse Stock Split, every 8 shares of Biomerica’s pre-split common stock issued and outstanding will be automatically reclassified as and converted into one new share of Biomerica’s common stock. This will reduce the number of shares outstanding from approximately 20,366,095 million shares to approximately 2,545,762 million shares and the number of authorized shares of Biomerica’s common stock will not change. Stockholders who would otherwise be entitled to receive a fractional share will instead automatically have their fractional interests rounded up to the next whole share, after aggregating all the fractional interests of a holder resulting from the Reverse Stock Split. Proportionate adjustments will be made to the number of shares of Biomerica’s common stock underlying equity awards and the exercise prices of options issued under Biomerica’s stock incentive plans, and the number of shares available …Full story available on Benzinga.com Read MoreBMRA, Markets, Press Releases Markets
