The article reports on the reverse stock split of common shares of stock of Catasys, a Los Angeles, California provider of proprietary health management services to health insurers and employers, executed as part of the company's program to improve its capital markets appeal to investors....
No fractional shares of common stock will be issued as a result of the reverse stock split. Stockholders of record who would otherwise be entitled to receive a fractional share will receive a cash payment in lieu thereof. The reverse stock split impacts all holders of the Company’s common st...
No fractional shares of common stock will be issued as a result of the reverse stock split. Stockholders of record who would otherwise be entitled to receive a fractional share will receive a cash payment in lieu thereof. The reverse stock split impacts all holders of the Company’...
No fractional shares will be issued in connection with the reverse stock split. Stockholders who would otherwise be entitled to receive fractional shares as a result of the reverse stock split will be rounded down and any fractional shares shall be returned to treasury. VSto...
The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder’s percentage interest in the Company’s equity, except to the extent that the Reverse Stock Split would result in a stockholder owning a fractional share. No fractional shares will be issued...
of the reverse stock split, any reductions to the company’s authorized capital, and a description of how fractional shares will be treated. Companies should also determine whether to reduce the number of authorized shares or the par value of their stock to reflect ...
As a result of the reverse stock split, every 12 shares of the company's outstanding Class A and Class B common stock, par value $0.0001, will be combined into one share. Stockholders will retain the same percentage of ownership, with fractional shares rounded up to the near...
The meaning of REVERSE STOCK SPLIT is a method of increasing the value of shares of corporate stock by calling in all outstanding shares and reissuing fewer shares having greater value.
reverse stock split. Stockholders who otherwise would be entitled to receive a fractional share will instead be entitled to receive the number of shares after rounding up to the next whole shares. Holders of the Company’s common stock held in book-entry form or through a bank, broker or ...
(NYSE: NFI) completed a reverse stock split on Friday and trading began Monday under the new arrangement. NovaStar under the previously announced one-for-four reverse split, every four shares of common stock were changed into one share of common stock. For fractional shares of stock, each ...