InfoLogix Announces 1-for-25 Reverse Stock Split
HATBORO, Pa., Jan. 4 /PRNewswire-FirstCall/ — InfoLogix, Inc. (Nasdaq: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, today announced that the Company’s stockholders have approved a one-for-twenty-five reverse stock split of the Company’s issued and outstanding common stock (the “Reverse Split”). The Reverse Split was previously disclosed in the proxy materials distributed to the Company’s stockholders in connection with the annual stockholders’ meeting held on December 30, 2009 to authorize, among other things, amending the Company’s certificate of incorporation to effect the Reverse Split. The Reverse Split will be effective on January 5, 2010 and trading of the Company’s common stock on the NASDAQ Capital Market on a split-adjusted basis, under the new CUSIP number of 45668X204, will begin at the open of trading on January 6, 2010. The Company’s shares will trade on the NASDAQ Capital Market under the symbol “IFLG” with the letter “D” added to the end of the trading symbol for a period of 20 trading days to indicate that the Reverse Split has occurred.
Original post here Stock Split
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