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Home » Tools & Technology » Informatics » Facing Nasdaq Delisting, Hybridon Plans One-for-Five Reverse Stock Split

Facing Nasdaq Delisting, Hybridon Plans One-for-Five Reverse Stock Split

Dec 21, 1998
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CAMBRIDGE, Mass.--Hybridon, a genetically based drug discovery company here, has filed with the US Securities and Exchange Commission for a one-for-five reverse stock split, which would shrink the company's outstanding shares from about 25 million to 5 million. The plan, which will be presented to shareholders at a special meeting November 18, was proposed to help the company continue to meet Nasdaq listing requirements.

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