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Orchid to Implement One-for-five Reverse Stock Split by End of Month

Mar 25, 2004

NEW YORK, March 25 (GenomeWeb News) - Orchid BioSciences will implement a one-for-five reverse stock split, effective March 30, the company said today.

 

Each five shares of Orchid's common stock will be converted into one share, resulting in approximately 22.1 million shares of common stock. Orchid's board of directors recently authorized the reverse split, which was approved by stockholders last month.

 

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