FreeSeas announces reverse stock of common split FreeSeas announced that the company's Amended and Restated Articles of Incorporation were amended to effect a reverse stock split of the company's issued and outstanding common stock at a ratio of one new share for every 5 shares currently outstanding. The company anticipates that its common stock will begin trading on a split adjusted basis when the market opens on December 2. The reverse stock split will consolidate 5 shares of common stock into one share of common stock at a par value of 0.1c per share.
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