ReShape Lifesciences (RSLS) said Thursday it is implementing a one-for-58 reverse stock split of its common stock effective from Monday following the board's decision on Feb. 23.
No fractional shares will be issued; instead, they will be rounded up to the nearest whole share, the company said.
The company's shares were down nearly 15% in recent trading.
Price: 0.13, Change: -0.02, Percent Change: -14.93
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