InVivo Therapeutics Announces Reverse Stock Split
InVivo Therapeutics Holdings Corp. (NVIV)
Last invivo therapeutics holdings corp. earnings: 5/7 04:30 pm
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US:NASDAQ Investor Relations:
invivotherapeutics.com/investor-relations/press-releases
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Source: Business Wire
CAMBRIDGE, Mass.--(BUSINESS WIRE)--InVivo Therapeutics Holdings Corp. (Nasdaq: NVIV) today announced a 1-for-30 reverse stock split of its common stock and a proportionate reduction in its authorized common stock. The company anticipates the reverse stock split will become effective at 5:00 p.m. Eastern Time on February 11, 2020, and shares of InVivo Therapeutics common stock will trade on a post-split basis under the Company's existing trading symbol, "NVIV," at the market open on February 12, 2020. The new CUSIP number for the Company's common stock following the reverse stock split will be CUSIP 46186M 506/ISIN US46186M5067.At the effective time of the reverse stock split, every 30 shares of InVivo Therapeutics common stock will be combined into 1 share of InVivo Therapeutics common stock. In connection with the reverse stock split, the authorized shares will be reduced from 500 million shares to approximately 16.7 million shares. The reverse stock split is anticipated to reduc
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