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Stock Market & Financial Investment News

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January 16, 2014
07:15 EDTTBIOTransgenomic board approves reverse stock split ratio
Transgenomic, announced that it has filed an application for listing its common shares on the NASDAQ. The company's proposed listing on the NASDAQ is subject to review by NASDAQ and dependent upon the company meeting all relevant quantitative and qualitative listing criteria of NASDAQ. The company believes it currently meets all of NASDAQ's eligibility requirements with the exception of the minimum bid price requirement, which will be addressed by a reverse split of the company’s common stock. In addition Transgenomic also announced that its board has approved a 1-for-12 reverse split of its issued and outstanding shares of common stock, with a planned effective date of January 27. After giving effect to the reverse stock split, every 12 shares of the company's issued and outstanding common stock will automatically be combined into one share of the company's issued and outstanding common stock. After the reverse split, the number of shares outstanding will be reduced from approximately 88.3M shares to approximately 7.4M shares. In connection with the reverse split, stockholders will not receive fractional post-reverse stock split shares. Instead, holders will receive cash in lieu of fractional shares.
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October 20, 2014
07:10 EDTTBIOAmerican Society of Human Genetics to hold annual meeting
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