Wire
Basel Medical Approves 1-for-12 Reverse Stock Split; Shares Down Pre-Bell
Basel Medical (BMGL) said Wednesday that its board has approved a 1-for-12 reverse stock split, effective June 22.The company said the reverse share split was approved to comply with Nasdaq rules requiring listed securities to maintain a minimum bid price of $1 apiece.Basel Medical shares were down over 33% in Wednesday's premarket activity.Price: $0.42, Change: $-0.21, Percent Change: -33.67%
$BMGL
