Rennova Health announces 1 for 15 reverse stock split
Rennova Health announced that effective at 5:00 pm, Eastern Time, on October 5, the company will effect a 1 for 15 reverse stock split of its outstanding common stock. The company's common stock will open for trading on The NASDAQ Capital Market on Friday October 6, on a post-split basis. Trading of the company's common stock on The NASDAQ Capital Market will continue, on a split-adjusted basis, with the opening of the markets on Friday, October 6, under the existing trading symbol "RNVA" under a new CUSIP number. Based on the number of shares currently outstanding, the reverse stock split will reduce the number of shares of the company's common stock outstanding from approximately 20.4M pre-reverse split shares to approximately 1.4M post-reverse split.