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Stock Market & Financial Investment News

News Breaks
June 24, 2014
18:04 EDTNSPHNanosphere receives 510(k) clearance for bacterial portion of Verigene EP test
Nanosphere announced it has received U.S. FDA 510(k) clearance for the bacterial portion of its Verigene Enteric Pathogens Nucleic Acid Test. Clinical studies for the full panel, including two additional viral targets, have been completed and the company expects clearance of the full EP panel.
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March 3, 2015
17:06 EDTNSPHNanosphere to ask holders to approve reverse stock split
Nanosphere announced that it will conduct a special meeting of stockholders on Tuesday, April 7. At the special meeting, stockholders will be asked to approve amendments to Nanosphere's charter to increase the authorized shares of its common stock from 150M to 250M shares, and to effect a reverse stock split of its issued and outstanding common stock with a ratio in a range of between 15-to-1 and 25-to-1 for the purpose of regaining compliance with the $1 minimum bid price requirement of the NASDAQ Capital Market. The board of directors will determine the exact ratio of the reverse stock split within such range, assuming stockholders approve the reverse stock split at the special meeting. In connection with the special meeting of stockholders, Nanosphere has filed with the SEC a definitive proxy statement describing the charter amendments that will be mailed to stockholders on or about Friday, March 6 to solicit proxies in support of the charter amendments. Nanosphere has engaged MacKenzie Partners to serve as its proxy solicitor for the special meeting of stockholder.

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