Biomerica Announces Reverse Stock Split
1. Biomerica will implement a 1-for-8 reverse stock split on April 21, 2025. 2. The split aims to increase the stock price for Nasdaq compliance. 3. Shares will transition to a split-adjusted basis, reducing outstanding shares significantly. 4. No action is needed from stockholders for the reverse split implementation. 5. Biomerica focuses on developing advanced diagnostic and therapeutic medical products.