stock split

The one-for-30 reverse split is intended to increase the price of the company's stock, enabling it to satisfy the Nasdaq's initial listing requirements.

The move is designed to help Rosetta regain compliance with the Nasdaq's $1 minimum bid requirement for continued listing.

Interpace hopes to keep its stock listed on the Nasdaq as a result of the reverse split. 

The approval from the firm's shareholders and board comes after Great Basin moved its stock to the Over-the-Counter market in October. 

The firm said the one-for-five reverse split will help address a looming delisting from the Nasdaq Capital Market by boosting the bid price per share above $1.00.

The company is aiming to use the reverse split to regain compliance with the Nasdaq's $1 minimum bid price requirement.

The 1-for-80 split of the company's common stock, which will go into effect on Sept. 16, will reduce its outstanding shares to approximately 1 million.

Qiagen plans to return about $250 million to shareholders through a program that combines a direct capital repayment with a reverse stock split.

The company implemented the reverse stock split in order to regain compliance with the Nasdaq's minimum bid price listing maintenance requirements. 

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