MELA Sciences announces pending one-for-ten reverse stock split MELA Sciences announced that its board has approved a one-for-ten reverse stock split of the company's common stock to become effective at 5 p.m., Eastern Time, July 9. The company will file an amendment to its Certificate of Incorporation on that date as authorized by the stockholders at the company's annual meeting held on May 15. The company's common stock is expected to commence trading on a post-reverse stock split basis on July 10. The common stock will continue to trade under the symbol "MELA." The reverse stock split is intended to increase the per share trading price of the company's common stock to satisfy the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market.
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