MoSys Announces 1-for-10 Reverse Stock Split
MoSys, Inc. (MOSY)
US:NASDAQ Investor Relations:
mosys.com/support/contact-us/investor-relations
Company Research
Source: GlobeNewswire
SANTA CLARA, Calif., Feb. 14, 2017 (GLOBE NEWSWIRE) -- MoSys, Inc. (NASDAQ:MOSY), a leader in semiconductor solutions that enable fast, intelligent data access for Cloud, network and communications systems, today announced that as of 5:00 p.m. Eastern Time on February 15, 2017, it will effect a 1-for-10 reverse stock split of its outstanding common stock, which will be effective for trading purposes as of the commencement of trading on February 16, 2017. The reverse stock split is intended to increase the per share trading price of the Company’s common stock to satisfy the $1.00 minimum bid price requirement for continued listing on The NASDAQ Capital Market (NASDAQ). Trading of the Company’s common stock on NASDAQ will continue, on a post-split basis, with the opening of the markets on February 16, 2017, under the existing trading symbol “MOSY” and under a new CUSIP number, 619718208. The reverse stock split will reduce the number of outstanding shares of the Company’s common sto
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