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InspireMD Announces 1-for-35 Reverse Stock Split

INSPIREMD (NSPR)  More Company Research Source: GlobeNewswire
NASDAQ:AMEX Investor Relations: inspiremd.com/en/investors/investor-relations
PDF Tel Aviv, Israel, Feb. 07, 2018 (GLOBE NEWSWIRE) -- InspireMD, Inc. (NYSE American: NSPR, NSPR.WS, NSPR.WSB), a leader in embolic prevention systems (EPS) / thrombus management technologies and neurovascular devices, today announced a 1-for-35 reverse split of its common stock, effective as of February 7, 2018.  Beginning on February 8, 2018, the Company’s common stock will trade on the NYSE American on a split adjusted basis. At InspireMD’s special meeting of stockholders on February 7, 2018, the Company’s stockholders authorized the Board of Directors to amend the Amended and Restated Certificate of Incorporation of the Company to effect a reverse stock split at a ratio in the range of 1-for-25 to 1-for-50. Upon effectiveness, the reverse stock split will cause a reduction in the number of shares of common stock outstanding and issuable upon the conversion of the Company’s outstanding shares of preferred stock and the exercise of its outstanding stock options and warrants [Read more]

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