Published on July 31, 2010 at 4:23 AM
Genta Incorporated (OTCBB: GETA) announced today that its Board of Directors has approved a one-for-one hundred reverse stock split of Genta's common stock, and that the split will be effective with the open of trading on August 2, 2010. As of that date, the Company's common stock will temporarily trade under the symbol GETAD.OB for 20 business days, at which time the symbol will revert to GETA.OB.
At the Annual Meeting of Stockholders held on June 15, 2010, Genta's stockholders approved a proposal authorizing the Board of Directors, in its discretion, to effect a reverse split of Genta's outstanding common stock. Additional details regarding the reverse stock split are contained in the Current Report on Form 8-K filed with the Securities and Exchange Commission simultaneously herewith.
Source Genta Incorporated