Valeritas Announces Reverse Stock Split
VALERITAS HOLDINGS (VLRX)
Last valeritas holdings earnings: 11/12 04:05 pm
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US:NASDAQ Investor Relations:
valeritas.com/investors/default.aspx
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Source: GlobeNewswire
BRIDGEWATER, N.J., May 17, 2019 (GLOBE NEWSWIRE) -- Valeritas Holdings, Inc. (NASDAQ: VLRX), a medical technology company and maker of V-Go® Wearable Insulin Delivery device, a simple, all-in-one, wearable insulin delivery option for patients with diabetes, today announced that its Board of Directors has declared a 1-for-20 reverse stock split of the Company’s common stock, which will be effective for trading purposes upon the commencement of trading on May 20, 2019. At that time, each 20 shares of issued and outstanding common stock and equivalents will be converted into one share of common stock. Any fractional shares that would result from the reverse stock split will be settled in cash. Shareholders holding share certificates will receive information from West Coast Stock Transfer, the Company's transfer agent, regarding the process for exchanging their shares of common stock. The reverse stock split was approved by Valeritas’ stockholders at the Company’s annual meeting of sto
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