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Following Reverse Stock Split, Nuvelo Plans to Offer 4M Shares

NEW YORK, Feb. 19 (GenomeWeb News) - Nuvelo plans to offer 4 million shares of its common stock in a public offering, following a one-for-three reverse stock split later this month, the company said today.

 

After the reverse stock split, which the company expects to take effect on Feb. 23, Sunnyvale, Calif.-based Nuvelo estimates to have approximately 26 million shares outstanding.

 

The reverse split was necessary for Nuvelo to have a sufficient number of authorized shares for the expected size of the public offering, according to the company.

 

The Scan

LINE-1 Linked to Premature Aging Conditions

Researchers report in Science Translational Medicine that the accumulation of LINE-1 RNA contributes to premature aging conditions and that symptoms can be improved by targeting them.

Team Presents Cattle Genotype-Tissue Expression Atlas

Using RNA sequences representing thousands of cattle samples, researchers looked at relationships between cattle genotype and tissue expression in Nature Genetics.

Researchers Map Recombination in Khoe-San Population

With whole-genome sequences for dozens of individuals from the Nama population, researchers saw in Genome Biology fine-scale recombination patterns that clustered outside of other populations.

Myotonic Dystrophy Repeat Detected in Family Genome Sequencing Analysis

While sequencing individuals from a multi-generation family, researchers identified a myotonic dystrophy type 2-related short tandem repeat in the European Journal of Human Genetics.