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NEW YORK (GenomeWeb News) – Wafergen Biosystems announced late on Tuesday a series of moves — including a stock split, a capital restructuring, and a private placement to raise up to roughly $17.3 million — to boost its share price and improve its cash position.

NEW YORK (GenomeWeb News) – PositiveID said today its board has approved a 1-for-25 reverse stock split, commencing at the start of trading on April 23.

NEW YORK (GenomeWeb News) – CombiMatrix announced after the close of the market on Tuesday that shareholders approved the second tranche of a private placement that seeks to raise $2.5 million in total.

NEW YORK (GenomeWeb News) – Trovagene announced late on Tuesday the pricing of a public offering of 1.15 million units and said that its shares will begin trading on the Nasdaq Capital Market today under ticker symbol "TROV".

NEW YORK (GenomeWeb News) – Rosetta Genomics today said that its shareholders have approved a one-for-fifteen reverse stock split, which will take effect before trading opens Tuesday.

NEW YORK (GenomeWeb News) – GeneNews announced after the close of the market last night that its shareholders have approved the company's plan for a share consolidation, as well as the extension to the term of certain share purchase warrants.

The move will enable the company to meet the Nasdaq's $1 minimum bid price requirement.

The company is doing the reverse split to meet a minimum listing requirement of $1 per share.

The company said that the difference in share capital resulting from the reduction would be credited to the capital reserve, and "would serve in the full amount to offset depreciation and cover other losses."

After the split, the Norwegian firm had about 27 million shares of common stock outstanding.

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