Shares in TearLab Corp. (NSDQ:TEAR) said last week that its board approved a 1-for-1o reverse split of its common stock. The company’s shares have fallen nearly 20% since the beginning of the month.
The San Diego, Calif.-based company’s move reduced the total number of authorized shares of its common stock from 95 million t0 9.5 million, according to regulatory filings.
TEAR shares were trading at $5.30 in mid-morning activity today, down -7.7%.
Get the full story at our sister site, Drug Delivery Business News.
The post TearLab readies for reverse split appeared first on MassDevice.
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