Inovio Pharmaceuticals, Inc. (NYSE MKT: INO) today announced that its previously announced 1-for-4 reverse stock split shall become effective at 5 P.M., Thursday, June 5, 2014, and trading of the Company's common stock on a post-reverse split basis shall commence on Friday, June 6, 2014. The common stock will continue to trade under the symbol "INO."
As filed on May 22, 2014, the Company's stockholders approved the proposal of a reverse split of the Company's common stock. The Company's Board of Directors subsequently approved the immediate implementation of a 1-for-4 reverse stock split of the Company's common stock, where each 4 shares of issued and outstanding common stock and equivalents will be converted into 1 share of common stock.
Inovio Pharmaceuticals, Inc.