Intellicheck announces reverse stock split Intellicheck Mobilisa announced it effected a 1 for 8 reverse split of its common stock as a step toward the company’s intention to improve the strength and quality of its shareholder base. The proposal to affect a reverse stock split was approved by the company’s stockholders at its Special Meeting of Stockholders on August 12. Over 84% of the company’s outstanding shares were voted at the Special Meeting, and over 76% of the votes cast were in favor of the Reverse Split. The company effected the Reverse Split pursuant to an amendment of the company’s certificate of incorporation filed with the Secretary of State of the State of Delaware. Upon the effectiveness of the Reverse Split, each eight shares of issued and outstanding common stock have been combined into one share of common stock. The company’s common stock will begin trading on a split-adjusted basis on August 13 under a new CUSIP number -45817G201.
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Intellicheck wins $220K contract Intellicheck Mobilisa was awarded a $220K contract to provide its IM2610 TWIC Plus readers to the Port of New Orleans in Louisiana. The new contract is for a web-hosted TWIC card reading system. The readers will provide TWIC card authentication and "Be On the Lookout” checks.