Auris Medical Announces Extraordinary General Meeting of Shareholders
Auris Medical Holding AG (EARS)
Last auris medical holding ag earnings: 8/10 06:31 am
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US:NASDAQ Investor Relations:
ir.aurismedical.com
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Source: GlobeNewswire
Proposed capital restructuring to ensure compliance with Nasdaq minimum bid price rule contingent on Company's share price development Alain Munoz proposed as new member of the Board of the Directors Zug, Switzerland, February 9, 2018 - Auris Medical Holding AG (NASDAQ: EARS), a clinical-stage company dedicated to developing therapeutics that address important unmet medical needs in otolaryngology, today announced an Extraordinary General Meeting ("EGM") of shareholders to take place in Zug, Switzerland, on March 12, 2018, at 8:30am CET. Conditional capital restructuring The Board of Directors proposes a restructuring of its share capital that would effectuate a reverse stock split in the event that the Company's shares do not trade at a level which would ensure compliance with the Nasdaq's minimum bid price rule in the 10 trading days prior to the EGM or up to 5 trading days after the EGM. The proposal provides that the restructuring would not take place if the cl
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